Very ugly hat, very few buyers.

Proof in Comments.

Sellers:

http://www.tf2outpost.com/trade/8285798- seller at 3.33, 3 days old

http://www.tf2outpost.com/trade/8342858- seller at 3 ref, fairly new trade

http://www.tf2outpost.com/trade/8300785- another seller at 3, one person added but it doesn't look like it happened

Don't even have enough room for all the sellers at 1 keys or more

http://www.tf2outpost.com/trade/8234958- my trade, zero offers on the hat in 5 days

Over 20 pages of sellers

Buyers:

Less than one page of buyers, some of which are just trying to unpaint.

http://www.tf2outpost.com/trade/8344054- highest buyer, only buying for 2.33

http://www.tf2outpost.com/trade/8159488

http://www.tf2outpost.com/trade/8281883

http://www.tf2outpost.com/trade/8323558

All those buying for 1.33

http://www.tf2outpost.com/trade/8319356- Looks like he is buying for 2 ref, but no notes

Feel free to counter my proof :)