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So apparently this is a high-tier hat or something. Meh.
SALES:
http://www.tf2outpost.com/trade/19350946 Sold for Aces Stovepipe (1.8)
1.8 * 0.9 = 1.62 (rounding to 1.6)
Item histories:
http://www.tf2outpost.com/item/440,2567482318,30067,5
http://www.tf2outpost.com/item/440,2569005255,120,5
http://www.tf2outpost.com/trade/17961372 Offered + SF Eyelander (2 keys = 0.1 buds) for Demonflame EngyCap (2.8)
2.8 - 0.1 = 2.7
Item histories:
http://www.tf2outpost.com/item/440,2373628703,30067,5
http://www.tf2outpost.com/item/440,2362238507,95,5
Let it ride.
That's a pretty large range.
Why yes. Yes it is.
I think it's a reflection of split opinion on this hat, really.
Too many b/os under 1.8 for the stove. Price is inaccurate.