This one was relatively modern, and definitely cheap to begin with. The auction started appropriately low, and then a bidding war started, sending the end price skyrocketing. I like making money, but it always makes me nervous when people over pay.
I have much worse luck buying vintage panamas than I do vintage felt. Felt holds up better. I frequently get lied to about condition when it comes to older panama hats. Excellent condition says the ad, then it shows up cracked and torn. I can’t wear it, and I can’t resell it for anywhere near as much in that kind of condition. *Sigh*
This one was originally sold by St. Louis, MO by the Levine Hat shop.