Party Hats, a symbol of hard work or just a piece of paper?

Few topics in runescape will spark off a more heated debate than the issue of party hats. Originally dropped at Christmas as a present in crackers, they became the most expensive items in Runescape history until the appearance of dragon shields. It was soon apparent that their novelty value was being replaced by the collectable value placed on them by members of Runescape.
The price soon began to rise and was over the million mark within weeks. The recent duplicating of hats saw the prices crash from as much 5 million Gp to not being able to give them away. Their appeal and popularity soon drove the price up once more, with different colours attracting different prices. Pink party hats became THE hat to own and prices have at times gone through the 6 million barrier.
But what exactly is the point of them ? As a practical item they are completely useless. They give no advantage in combat and help no skills yet their popularity continues to dominate the Runescape economy.
We asked members of Runevillage what they thought of them and unsurprisingly, the opinion fell into two camps. You either love them or hate them.
Boozeman wrote; ‘I feel that party hats are a symbol, a symbol of wealth, of hard work, and of dedication. They are one of the driving forces in runescape, without them and other rares people wouldnt push as hard to make money.’
This is a view held by many members, among them FX who believes they are a collectable item.
Some people feel the prices are too high and others that they are not high enough. This is an area that ( Gold ) WCCobra commented on.
‘I bought one only with the intent to resell it for profit, which I did. I feel they are completely useless (don't raise stats or help you in anyway) and have no clue why people want them so bad. If you ask most people why they want one, they will either say to resell them for a profit’
The mercenary approach was something that Dustin commented on, finding an angle few members had thought of.
‘Wouldnt it be awesome if runescape would give you intrest for the money you keep in the bank?
Then alot more people would keep their money in the bank.

In a way this is how phats works, as the value goes up you make money.
for example i bought my phat 2 weeks after the dupe for 2.5million dollars
lets take a look at this
Current Value=4.00mill
I Payed=______2.50mill
Total Earned=1.5mill EFFORTLESSLY!!!!

Now how many of you look at it from that point of view!

But what about the opponents ? Many people have written in saying what a complete and utter waste of money they are.
Meaga12 wrote;
‘Well frankly i think p hats are a useless waste of money. I mean they're just hats. I don't see why they should be so much money… There is no reason they should be 1-9 million gp. Overall i think that p hats should have never been created because they have almost destroyed the runescape economy.’
This is a view echoed by others such as Arganite who commented that if you tried to sell Egyptian paper for that price you would be laughed at. Eva_09 also thought party hats over valued and useless except for a fancy dress party.
The value of the hats has not only stirred up feeling amongst players, Jagex have hinted at their displeasure with the prices being charged. It lead to subsequent holiday drops being limited to one per person and finally to being non tradeable in an effort to control the speculation & profit making.
Whatever your views, there is no disputing the fact that people still drive themselves on with the intention of buying one & wearing it proudly. Those who oppose them will seldom change their view and sooner spend their money on something more useful. The split was about even among those who commented and when the subject comes up in the forums it reflects this.
The value of hats shows no sign of dropping. If anything it is still rising and inevitably, party hats are going to get rarer, a situation xxpk discussed.
‘It isnt like you can get a phat from a kbd. Instead (and especially because of the new random events) people have been dying with phats with them, losing them, and nobody being there to pick it up. Instead of them getting less rare, they are getting rarer and rarer,’
The last word on the subject though, goes to Dustin who sent in these pictures and commented;
‘however the best looking one is the yellow phat, because you look like the bling bling king’

Thanks to all who took the trouble to send in their comments & views.
GCSE

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