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1 of 1 currently in existence. Bought for 40 keys: http://imgur.com/I1Z8Lg3 Selling at 45
High end can't be a b/o. You also didn't mention the effect of the cotton head.
It was Terror-Watt.
So it's worth like 15 keys.
Even without item overpay, the hat isn't worth half of the suggested price.
Your range comes from nowhere, and you are the one selling it for 45 keys. Looking at Cobalt's suggestion, doesn't look like you bought it for 40 keys.