I dont really get the point on that overpower hat thing either.
Fairy Auction used to be about an either cosmetical/Prestige/practical related Advantage (exclusive item/warp passes) or a slight quality advantage thats either really specific or attainable through other means as well (enriched ore packages,fairy wings and stuff)
Giving a single Person a hat that beats almost all other options in a wide variety of situations doesnt seem right to me.
Espacially earning this item through zeny which isnt really related to a significant challenge or st but mostly just to time invested.
if you want op pvp hats, an idea: give one of those to the winner of a big pvp event (annual or st) and pass it on to the next winner if he/she gets beaten next time.
although id most likely never get this item i could appreciate the advantage that player has way more than if it was just bought with zeny.
If you stare into the Abyss there's a 1d20 chance that 2d4 lesser Tanari'i
stare back at you