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Beanie Babies are a line of stuffed toys created by American businessman Ty Warner, who founded Ty Inc. in 1986. The toys are stuffed with plastic pellets ("beans") rather than conventional soft stuffing. They come in many different forms, mostly animals.
Many were buying and then trading these toys online on the official Beanie Babies Website, as well as independent sites, for hundreds of dollars and building collections of toys that were exceeding $100,000 in value. At the height of the Beanie Babies craze, 10% of all eBay sales were transactions related to Beanie Babies.
Beanie Babies can be worth as much as $90,000. Follow these six steps to help determine the value of your Beanie Baby collection.
The most purchased and sold items on the website were Beanie Babies, the most difficult toys to find in retail stores, accounting for 10% of all listings in 1997. Ty, the manufacturer, had set up a website whereby people could trade used Beanie Babies. However, it was overwhelmed with unsortable listings.
But limited editions, tag misprints and more unique features still abound -- and can be worth a small fortune. The ultra-rare Princess Diana Beanie Baby, for example, is appraised at $90,000.
He is the CEO, sole owner and co-founder of Ty Inc. which manufactures and distributes stuffed toys, including Beanie Babies and other lines. He is also the owner of Four Seasons Hotel New York, which he bought with profits earned selling Beanie Babies during a fad in the late 1990s.
Ty (styled ty) is an American multinational corporation headquartered in Oak Brook, Illinois, a suburb of Chicago. It was founded by Ty Warner in 1986. It designs, develops and sells products, most notably Beanie Babies, exclusively to specialty markets [clarification needed] worldwide.
The retirement of a Beanie Baby or a product from any line of Ty Inc., the manufacturer of Beanie Babies and other lines of collectibles, is its withdrawal from production. This has occurred in varying amounts of time following its introduction, depending on Ty's goals for that particular item.
Police are searching a landfill site in California for the body of a missing 3-week-old baby, after his mother was arrested on child abuse charges in Utah.
Beanie Babies 2.0 were a brand of stuffed toys, a spin-off of the popular Beanie Babies line, announced by Ty Inc. on January 2, 2008.