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Genuine Grandmaster is going to decrease a lot. I remember when it was about 2 buds priced... Anyway, here are my proofs (not many because not many sellers)
Tf2outpost Sellers:
Sellers for 1.1-1.2 buds :
http://www.tf2outpost.com/trade/18854093 --> 20 keys = 1-1.1 buds (young trade)
http://www.tf2outpost.com/trade/18874547 --> 22 keys = 1.1 buds (young trade)
http://www.tf2outpost.com/trade/18569381 --> 22 keys = 1.1 buds
http://www.tf2outpost.com/trade/18735527 --> 23 keys = a bit less than 1.2 buds
If you have (counter-)proofs, feel free to put them in the comments !
Assisting here http://www.tf2outpost.com/trade/18520387
Says he'd sell his Lvl 99 for a bud + questionable sweets and is unsold for 2 weeks.
Yepp, 1 isn't even a QS anymore I think.
1.1-1.2 is better than current - upvote.