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This used to be 1.22?
Sold for 1.44
http://www.tf2outpost.com/trade/20885361
Sold for 1.55
http://www.tf2outpost.com/trade/21053305
http://www.tf2outpost.com/trade/20639932
Conclusion: Before you say something stupid like "Not enough proof, downvote", take a look on the market first. This thing is so rare now. Demand > Supply because supply of craft hats went down and it's reasonable for this thing to rise.
Feel free to counter / support my proofs.