Dat previous value

It costs $2900 dollars to wear this hat for 4 seconds.

It's the same hat actually, those both seem to be alts from the same person, judging by history on their other hats, such as the Scorching Milkman.

Only offers so far are the unusuals listed as 'C/O' in the second link trade. The best of the lot appears to be the Cauldron Bubbles Swagman, and even that one has someone looking to sell for 6.5-7 pure.

Is there any evidence I'm missing here that supports the suggested price? It may be too early to put a price on this, given what's available to work with.

Not enough information to go off right now. Let's resuggest once there's some more offers or, preferably, a trade to judge from.