Yeah, if it were a wearable it would be worth more. But decorations should never be that expensive. Space will be giving out like 200 more of them, they aren't gonna be very expensive. I suggest selling it now before the end of the next event ;)
You have to consider how many tokens are put in by other players. It is not a simple who puts in the most tokens wins. Imagine a jar with pieces of paper in it.Fifty thousand names are written on the paper some of them being the same names. Your friend has a thousand pieces of paper but there are still forty nine thousand other pieces of paper which means there is a higher chance for him not to be pulled than pulled. With a ram being given away I imagine a lot of people entered five hundred plus tokens in hopes of upping their chances. Lets say your friend put in forty nine thousand out of fifty thousand there still would be a chance his name would not get pulled.