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Ferumbras' Hat   Ferumbras' Hat (Helmets)
It is the proof that Ferumbras has fallen. For now. The Edron Academy should be interested in this.
Attributes: Arm: 1
Weight: 8.50 oz.
Dropped By:
Notes: Arguably the most expensive item that is still obtainable.

Its price went very high due to problems in boss spawning, but after the revised raid system (Summer 2013), value is increasing in a slower pace.
Value has risen even more, upon the merges in 2017, which has merged many game worlds (meaning less Ferumbras' hats looted per year) and removed the option to transfer items to worlds with less limited PvP possibilities (e.g from Optional PvP to Open PvP) by transferring a character with the item to Calva or Calvera and giving it to a character that could be transferred to the desired game world.

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Needed for an addon of the male Mage Outfits and female Summoner Outfits.
Spoiler ends here.