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LiberalElite

(14,691 posts)
Wed Feb 4, 2015, 08:16 PM Feb 2015

Slate.com: Plush Life Why did people lose their minds over Beanie Babies?

http://www.slate.com/articles/health_and_science/science/2015/02/beanie_babies_bubble_economics_and_psychology_of_a_plush_toy_investment.html?google_editors_picks=true


-snip-
In July of 1999, I traveled with my family to Tenby, Wales. The town is said to be picturesque, but I have no memory of its scenery—except for a small toy store we passed on our drive in. As soon as we settled into our hotel, my sister and I begged our father to trek to the shop and search for the Britannia Beanie Baby, sold exclusively in the United Kingdom. The Britannia bear wasn’t just a toy, we explained; it was an investment, projected to be worth thousands of dollars within a decade. Our father capitulated and bought us each a Britannia bear, which we dutifully kept in mint condition with the tag intact, reveling in its rarity while dreaming of the day it would be a hugely valuable collector’s item.
-snip-

What about the Cabbage Patch Kids dolls?
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Slate.com: Plush Life Why did people lose their minds over Beanie Babies? (Original Post) LiberalElite Feb 2015 OP
Just recently saw an entire storage unit full of these ridiculous things when I was helping lunasun Feb 2015 #1
I know - All the Beanie Babies - LiberalElite Feb 2015 #2
It wasn't just kids - I knew a few older women caught in the craze elfin Feb 2015 #3
that may be true for you, but it was fun for my mother. hollysmom Feb 2015 #5
My sampling obviously is/was skewed elfin Feb 2015 #7
thanks, she retired to take care of my father hollysmom Feb 2015 #8
Because they never read Extraordinary Popular Delusions and the Madness of Crowds?... PoliticAverse Feb 2015 #4
Wasn‘t the whole concept of beanie applegrove Feb 2015 #6
I remember the craze oh so well Blue_Tires Feb 2015 #9

lunasun

(21,646 posts)
1. Just recently saw an entire storage unit full of these ridiculous things when I was helping
Wed Feb 4, 2015, 08:32 PM
Feb 2015

a friend move some items into a storage rental. The locker was open because some equally ridiculous Christmas crap was in the process of being added to that unit near his location where we were,
All the BB s were in little plastic drawers of plastic see through library file cabinets . Hundreds
My only thought :

LiberalElite

(14,691 posts)
2. I know - All the Beanie Babies -
Wed Feb 4, 2015, 08:34 PM
Feb 2015

where do they all come from? All the Beanie Babies, where do they all belong? (to the tune of Eleanor Rigby)

elfin

(6,262 posts)
3. It wasn't just kids - I knew a few older women caught in the craze
Wed Feb 4, 2015, 08:37 PM
Feb 2015

For some strange reason, I now realize the ones who were most excited about them are all Republicans.

hollysmom

(5,946 posts)
5. that may be true for you, but it was fun for my mother.
Wed Feb 4, 2015, 09:40 PM
Feb 2015

she grew up very poor and then she retired and hunting for beanies was fun for her, and now I an donating them to various causes and they are doing good again.

elfin

(6,262 posts)
7. My sampling obviously is/was skewed
Thu Feb 5, 2015, 05:37 PM
Feb 2015

You and your Mom are the best representatives of how to get the most out of a cute phenomenon. Beanie On!

hollysmom

(5,946 posts)
8. thanks, she retired to take care of my father
Thu Feb 5, 2015, 09:55 PM
Feb 2015

he had Parkinson, and that became her life until he died in his mid 80's - she had a few years alone and after he died, she went to look for her best friend that she had gotten to busy to be with and found that her friend died, Then I made all the siblings take her on vacation with their families, but I was her day to day contact along with one of her sisters who was in a wheel chair, I was just glad she had some fun for the few years she had healthy before the stroke. I used to hunt down some for her because I became friendly with a Hallkmark employee, heh by work. We knew it was a fad, but it was amusing.
I all started with a neighbor's son, who thought it would make him rich, told him it wouldn't, told him about the bulbs in Holland. But his mother thought it would teach him about money, NOT.Mom thought the toys were cute, so I bought her one and it was like potato chips.
PS before i gave some away, I used to consign unusual ones to a retailer until the bubble broke, heh. The money went to the grandchildren's college fund.

edited to fix pronouns

applegrove

(118,683 posts)
6. Wasn‘t the whole concept of beanie
Thu Feb 5, 2015, 02:03 AM
Feb 2015

babies from meetings where they decided they had to have a product that was collectable, $5, and something kids would beg their parents for at every outing. The last thing they decided on was that they would actually be juvenile stuffed animals. The product was the frenzy.

Blue_Tires

(55,445 posts)
9. I remember the craze oh so well
Fri Feb 6, 2015, 02:32 AM
Feb 2015

I was a college senior and had a long-distance girlfriend who was absolutely batshit about them...I remember the ones I bought her were $35 and $45 and I swear I visited EIGHT Atlanta-area malls one weekend trying to track them down (the highest-priced ones were $400!)

Baseball parks with shitty attendance realized that "Beanie Baby Day" was a surefire 100% guaranteed sellout, and I remember a few ugly incidents here and there with fistfights, adults stealing them from kids, etc

I'd collected baseball cards as a middle-high school student, and I remember very vividly when that market got over-inflated by speculators, then oversaturated and crashed...I had friends with albums full of $80-$100 cards that became $25 cards overnight, so of course I'd predicted the same thing happening to the Beanie Babies in a year or so...

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