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I did see some quicksell buyouts at a bud or just over. So yes it does make sense. And yes I do own one and an selling it. I'm agreeing with this new price, note my reasonable buyout :p
1 to 2 weeks is nothing for unusual sales...but this seems to be an ok adjustment.
Haven't looked too closely here, but if we're going off buyouts, a more conservative drop may be in order. 2 weeks isn't especially long for an unmet buyout, a price range centering around 1.4 may be more appropriate. Putting the lowest buyout to the max price after only 2 weeks is too much.
Though if what big batteh says is true, sounds like this price range works. May warrant a little bit more digging.
I managed to find someone who sold this + a Bubbles Batters for $60. He valued the Batters at one bud, so I guess he sold the Degroot for a bud. I know one link isn't enough as proof, I'll look around for more. http://www.tf2outpost.com/trade/6728028