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It's a nice hat but really overrated.
Clean sales -
Sale 1 [estimated]:
http://www.tf2outpost.com/trade/24136747 - Sold for a a Steaming Chieftan's Challenge and 40-45 keys.
Note: It's impossible to track how many keys it actually was so I'll take the average which is ~43. I know it's not how it works but both are offline. It's likely that it was around 45.
1.1*0.9 = 1 bud
43/13 = ~3.3 buds.
Total: ~4.3 buds
Sale 2:
http://www.tf2outpost.com/trade/24175661 - Sold with a set. Added 9 keys for a Midnight Whirlwind Conga Taunt.
after - http://backpack.tf/profiles/76561198044128613?time=1420531200
before - http://backpack.tf/profiles/76561198044128613?time=1420444800
Items in the set [bp.tf prices] = ~76 ref.
76/13.16= ~5.8 keys.
Overpay on conga: 6.2 buds*0.9 = ~5.6 buds.
Total:
Value of the taunt: ~5.6 buds
Value of the keys + set items: ~1 bud.
5.6 buds - 1 bud = 4.6 buds.
That's all folks!