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Current price on this hat is definitely higher than what it's actually trading at.
Sales:
(Note: Using http://www.tf2outpost.com/item/440,2301626947,139,5) for Sale History
Sale 1: http://www.tf2outpost.com/trade/16690217. Trades the Sulphurous Modest 1:1 for a Miami Nights Bonk Boy (listed at 12.3 on this site). Assuming 0.9 buds overpay, you'd be looking at around 11.4 buds.
Sale 2: http://www.tf2outpost.com/trade/17470828. Hitman MP buys a Sulph Modest apparently 1:1 for a Hearts Bonk Boy (10 buds, 9.1 assuming 0.9 overpay)
Sale 3: http://www.tf2outpost.com/trade/17457991 Hitman MP then cashes out the Sulph Modest with a 10-bud B/O.
The hat traded three times in the last week alone for hats in the range I describe, despite being one of three in existence. Previous price is also seven months old.
Sale #1:
Modest was offered, no overpay needed
Miami Bonk Boy original price is 13.9 - 15, ~14.5 (rounding up...)
Total Sale: ~14.5
Sale #2:
NO SALE, and again, modest was offered so no overpay and it was retracted
At least no for "Hearts" (Cloud 9) Bonk Boy
Not sure what he sold for, not as you stated anyways
He also had an offer of Miami Anger, original price is 8 - 9, ~7.7 after overpay + 1 Buds + Collector's Festive Jarate
AT LEAST 9.1 (Anger + Buds = 8.7 and it's collector's festive)
Sale #3:
He had a B/O of 10, his trade was opened for 2 days, quicksale?...
He was probably quickselling....
No original prices, good overpay or even attention to details
I don't know where you're getting those numbers from, but on this website, the MiamI Nights Bonk Boy is listed at 11.8 to 12.7 buds.
It's called original prices
The price you see is sometimes inflated and misleading
You need to go to the item's stats and see the last price, which is in this case 13.9 - 15
Did some re-search
First of all, it's unknown what Hitman MP sold for, after January 24th no Modest in backpack but nothing else valuable, not sure what exactly happened
Hitman MP bought it with a Burning Bicorne
http://www.tf2outpost.com/trade/17319622
Burning Bicorne original price is 11.7 - 14.3, ~11.7 after overpay
Burning Bicorne price is 4 month old, considered somewhat invalid, I think you can use on a hat like this, ask mods
http://www.tf2outpost.com/trade/17568746 - Declined an offer of DBD Robo Modest
DBD Robo Modest price is 6 months old which is invalid proof
However the original price is 16, ~14.4
It's invalid because of old price, but it will probably not drop too much below to make is ~10 or so
Your "real" sales, that can be considered are: Burning Bicorne (?), Miami Bonk Boy
Since the sales are: 11.7 and 14.5, you need to wait or find another sale, and find the outlier
I can assure you that the B/O of 10 by Hitman MP is an outlier
I just sold my C9 Modest for this + 1 bud in sweets, so I don't believe the new range would support this.
Yeah, that changes things. I'll close this now.