Purple partyhat

The Purple partyhat comes from opening a Christmas cracker. The partyhat is expensive because it's a Discontinued item, as no more are being created in the game (see Christmas cracker for details). The rarity of the item increases its demand, and the rarity itself renders them scarce, resulting in this increase in cost. The purple partyhat was originally the most expensive of the partyhats, but became the cheapest after the Partyhat duplication glitch. This hat has rose above the price of the Yellow and Green partyhats, making it the fourth most expensive partyhat on the Grand Exchange (however least valuable on the street).

This item is rarely sold for cash and is often traded for rising items or other rares. The street value for a purple partyhat is around 800M, the cheapest of all partyhats.

Some Runescape players buy the party hat and do high level alchemy (not advised) to try and raise the price of the party hats and make them rarer.

[[File:Pink phat RSC.png]] Purple Party Hat
In RuneScape Classic, partyhats were simply called "Party Hat" with no colour in their name. What is now the purple partyhat was more pink in colour, so players assumed that this partyhat was pink. After the release of RuneScape 2, Jagex made a slight colour change to the "pink" party hat, and then named it purple partyhat.