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Hot damn, your brother is a lucky guy if this is true.
There are 0 on the market currently, so that price would be accurate. It's $800.
Congrats to your brother.
Unusuals are basically hats with effects around them
You have a 1 in 100 chance of unboxing one from a crate, you will get a random hat and an effect according to the crate.
Your brother was extremely lucky, as he unboxed a very valuable unusual, the Killer Exclusive. Because it's an All-Class hat, and it's very good-looking, it's value is very high.
The people you talked to were right, there are only 4 of these hats in the world.
The real-world value of your hat would be around $900.
You will most likely attract a lot of people called 'Sharks' who will try and tell you that your hat is not worth very much, and ask to buy it for a ridiculous price. Do NOT sell it for unique weapons, I'd suggest trying to sell it on Backpack.tf for about 300 keys.
It's a Killer Exclusive with a high tier effect, so it's only natural that it is very valuable. Anyway, congrats for your little brother for getting this amazing hat on his first unbox.
http://steamcommunity.com/id/PenguinGamin/inventory/#440_2_3731166979
I'm just in doubt