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Not much demand anymore for this hat, and it is also doesn't look all that good either.
I think it should be the price of a normal craft hat now.
Proof in comments.
Proof indeed.
Sellers:
http://www.tf2outpost.com/trade/7785548 (1.66 unsold 1 month)
http://www.tf2outpost.com/trade/8355711 (1.66 unsold 2 weeks)
http://www.tf2outpost.com/trade/8469798 (1.66 unsold 2 weeks)
http://www.tf2outpost.com/trade/8469798 (1.66 unsold 2 weeks)
http://www.tf2outpost.com/trade/8743679 (1.66 unsold 3 days)
http://www.tf2outpost.com/trade/8752088 (1.66 unsold 3 days)
http://www.tf2outpost.com/trade/8782731 (1.66 unsold 2 days)
http://www.tf2outpost.com/trade/8800336 (1.66 unsold 1 day)
http://www.tf2outpost.com/trade/8816195 (1.66 unsold 7 hours)
http://www.tf2outpost.com/trade/8808823 (1.66 unsold 16 hours)
http://www.tf2outpost.com/trade/8752088 (1.55 unsold 3 days)
http://www.tf2outpost.com/trade/8234337 (1.44 sold one)
http://www.tf2outpost.com/trade/8819131 (Willing to sell for 1.33)
The rest of the traders on outpost were 2.00+ highballers.
Buyers:
http://www.tf2outpost.com/trade/6251123 (1.22 and successful)
http://www.tf2outpost.com/trade/7106322 (1.33 and successful)
http://www.tf2outpost.com/trade/8789193 (1.33 and successful (hidden offer))
2 pages of buyers and 4 pages of sellers.
Sorry it took half an hour to get the proof. :p
excellent proof
+Up V
Sorry for a couple duplicated links in proof... :/
didnt even know this was worth something... saw one a few days ago on scrap.tf - No I didnt take a screenshot =/
Yea, it's ugly