Mike
I would say that the hat is worth the money if quality is what you want. I wore mine for years in the jungles of Indonesia. It's been washed hundreds of times yet is still like new. I bought a second one from the Green Wellie shop in Tyndrum last year for £44. as my Sunday best!! And, if you lose it, Tilley will replace it for you FOC.
Expensive but highly recommended.