Proof below. Not sure how this is so high but current price is definitely low.

Sales:

http://www.tf2outpost.com/trade/15927461

-sold for 3 buds

http://www.tf2outpost.com/trade/15866647

-beams fedora (7.2)+belt bought duped flies ke (duped was used for price of 10.5): http://www.tf2outpost.com/trade/15887343

-3.3 buds

http://www.tf2outpost.com/trade/15799284

-burning tower seems to have sold for beams fedora+belt: http://www.tf2outpost.com/trade/15866647

-~3.1 buds

Current trades:

http://www.tf2outpost.com/trade/16086464

-b/o of 4 buds

http://www.tf2outpost.com/trade/14364816

-b/o of 4 buds+

-notable offers:

$100=almost 3 buds

http://www.tf2outpost.com/trade/15349230

Sales: 3, 3.1, 3.3

Offers suck on this since everyone follows this ridiculous price. Sales are clearly around 3 though. Overpay and original prices used.