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Mark B. Ledenbach's vintage Halloween collectibles blog.

VINTAGE PAPER DEVIL 14" EMBOSSED HALLOWEEN DECORATION GERMANY

What a nice surprise to see this exceedingly rare diecut being auctioned. This is the smaller of two similar designs. (The other can be seen on page 136.) Each is breathtakingly rare. The seller describes this as being in fair condition, but it seems better than that to me. Yes, the bends in the legs are somewhat off-putting, but the separation between the tail and the wing could be easily mended. The last time one was listed was almost exactly one year ago and it fetched $3,100. It was a mirror-image of this one and was in better condition and was much brighter. The Germans made this very late in their production of holiday items for the export market before WWII. These "last year" designs were almost exclusively exported to the population centers in eastern Canada and are among the most interesting, out-there designs the Germans made before WWII - and arguably ever. 
Take a moment and read the questions and answers posted as part of the listing. They all ask for a BIN price to be added, fair game for collectors eager to get a dream piece without the uncertainties of the auction process. The seller is smart, saying basically no - there is too much interest. Read the pathetic question posted by a "Michael," who bangs on about how he wants one and then makes an eye-rollingly low-ball offer of $70. What a schmuck! I kind of hope he never gets to own one of these. 

03/18 Update: I have heard from an avalanche of collectors since this auction ended last night, most stating that if they knew it was going to be sold for such a pittance, they would have bid. The moral of the story is always to place a bid for the maximum you'd want to pay, because sometimes you might score a bargain like whomever this prevailing bidder was. It sold for only $913.99.