{question For Merchants} Why Is The Pelier So Expensive?

I had an old retro Pelier from before the gathering update even, and, one i identified it and all, it was okay. Now, what caught me off guard was when I went to sell it on the trade market, and saw that my average Pelier was like, 9,993 Emeralds!

Can any trader, more experience then myself, explain to me why this is the case? Is there a nice legendary helmet market that I'm missing out on?

 

Not a trader but I know that it has the highest loot bonus of any helmet in Wynncraft which is the most likely reason.

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And to expand upon that a bit, this would be used by loot runners(no duh to most) and the lowest number % loot bonus I have heard that affects chests is 40% and a Pelier with max loot bonus is already at 33% which is a pretty good start for any loot running set.