Items which were manufactured in amounts over 100,000 will never be considered "rare", until over 99.99% them have been destroyed.
Beanie Babies were deliberately promoted as "instant collectibles" by Ty Warner, as a means to con gullible and unsuspecting buyers into believing that his cheaply-made stuffed toys would have investment value.
Big reveal: Beanie Babies have NO value, because TOO MANY were manufactured.
He made millions of dollars hoodwinking his customers, and became one of the richest individuals in the United States.
The "rare" Beanie Babies were actually oversold inventory which retailers no longer wanted on their shelves; so Ty Warner came up with the marketing campaign that those particular Beanie Babies were going to be "retired."
Result? Beanie "investors" rushed to gobble up all those "retired" stuffed toys, under the mistaken belief that anything being "retired" must eventually mean "rare."
No -- it simply meant that Ty Warner didn't have to pay retailers for returned merchandise -- the Beanie "investors" paid the retailers, and Ty Warner never had to pay a cent in return fees.
Don't believe me? Check out this article from the History Channel --
kensgiftshop
·1 year ago@terwinega_0
20 years ago, they might have been worth something, but not so much now days.
terwinega_0
OP1 year agoThank you for your help !! 😊
1786davycrockett
·1 year ago@terwinega_0
Items which were manufactured in amounts over 100,000 will never be considered "rare", until over 99.99% them have been destroyed.
Beanie Babies were deliberately promoted as "instant collectibles" by Ty Warner, as a means to con gullible and unsuspecting buyers into believing that his cheaply-made stuffed toys would have investment value.
Big reveal: Beanie Babies have NO value, because TOO MANY were manufactured.
He made millions of dollars hoodwinking his customers, and became one of the richest individuals in the United States.
The "rare" Beanie Babies were actually oversold inventory which retailers no longer wanted on their shelves; so Ty Warner came up with the marketing campaign that those particular Beanie Babies were going to be "retired."
Result? Beanie "investors" rushed to gobble up all those "retired" stuffed toys, under the mistaken belief that anything being "retired" must eventually mean "rare."
No -- it simply meant that Ty Warner didn't have to pay retailers for returned merchandise -- the Beanie "investors" paid the retailers, and Ty Warner never had to pay a cent in return fees.
Don't believe me? Check out this article from the History Channel --
https://www.history.com/news/how-the-beanie-baby-craze-came-to-a-crashing-end