Beanie Babies were deliberately promoted as "instant collectibles" by Ty Warner, as a means to con gullible and unsuspecting buyers 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 --
tinsoldierunderground
·1 year ago@jamsnl_83
ROFLMAO....🤣......😂....😅.....🤣....🙄
12345jamesstamps
·1 year agoI see one on eBay selling for $25,000,000.00....LOL Laugh of the day.
1786davycrockett
·1 year ago@12345jamesstamps
"I see one on eBay selling for $25,000,000.00....LOL Laugh of the day."
I'm holding out for free shipping.
Do ya think they will entertain offers?!?
1786davycrockett
·1 year ago@jamsnl_83
Beanie Babies were deliberately promoted as "instant collectibles" by Ty Warner, as a means to con gullible and unsuspecting buyers 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
lacemaker3
·1 year agoYou would need to list them on eBay to be able to sell them, but unfortunately OP's account is NARU.
NARUd that was quick!
The OP wanted 1000 for a beanie baby...I'm guessing it was $10.00 because no beanie baby is worth more than that.
lakefor94
·1 year agoThat didn't take long....