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This would be a better suggested range. Upvoted!
Also, comparing it to other medic hats that are equal or above.
Gonzilla, slightly lower tier, priced 1.9-2.4
http://backpack.tf/unusuals/323/German_Gonzila
Private eye, higher teirt, multi class, priced 3.1 - 4 (Gatsby REALLY shouldn't be even with this)
http://backpack.tf/unusuals/388/Private_Eye
Medic's Mountain Cap, much more popular, newer as well, priced 3.1-4
http://backpack.tf/unusuals/381/Medic%27s_Mountain_Cap
Geisha boy, low hat, about even with Gatsby BUT it has its own niche market, priced 1.6-2
http://backpack.tf/unusuals/363/Geisha_Boy
I don't see any reason for the Gatsby to jump up to much more popular hats level, 3.5 and above feels like overpay to me.
In full honesty, backpack.tf isn't the best site to compare prices against. Too many things out of date.
http://www.tf2outpost.com/trade/5822039 - 3 bud offer on the Gonzila, so it seems to be in a similar underpriced situation as the Gatsby.
The others seem alright, though I couldn't verify the Geisha- no trades for it around I can check on.
Kinda spitting out words right now. I do agree that 4 buds is too high on the Gatsby, this seems like a much better price.
I find it hard to believe that anyone would pay 3 buds+ for this hat.
Just had a look at outpost sale and checked BP histories. Seems they settled on 3.3ish
Yup i actually agree with this price more than the one i put up. The reason why i sat it to 3-4 is because there will always be someone selling for 1 bud more than what it's worth.