NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
The current talk about bitcoins brings back the memory of beanie babies. Surely, older people here remember this. It happened in the mid 1990s, and I was aware of this at the time, but never bought one or knew one who did.
Just now remember to surf the Web to fill in my gap of knowledge. Wikipedia has an article on this: https://en.wikipedia.org/wiki/Beanie_Babies.
The above article said that "At its height of popularity people would flip Beanies at as much as ten-fold on eBay. Indeed, at the height, Beanies made up 10% of eBay's sales. Some collectors insured their purchases for a price in the thousands."
Only 10-fold? I thought it was higher than that. So, I next went to eBay, and what do you know, I saw some beanie baby offerings for $680,000 OBO, then $658,000, going on down to $350K, $250K, etc... Holy Molly!
Sure, these are asking prices, but what is the highest actual sale?
I checked for sold items, and the highest was a "Princess Diana 1st Edition" that went for $50,000. The next item was a "Peace Ty Beanie Baby" that was bought for $28,000.
So, who says there's no money in Beanie Babies? I never own one, but if you did, would you not be kicking yourself you did not keep your closet full of them? Just a couple of dozens of them would set you up for cushy retirement, and 1995 was not that long ago.
Buy baby beanies in your 20s, retire early in your 50s. Nice!
Just now remember to surf the Web to fill in my gap of knowledge. Wikipedia has an article on this: https://en.wikipedia.org/wiki/Beanie_Babies.
The above article said that "At its height of popularity people would flip Beanies at as much as ten-fold on eBay. Indeed, at the height, Beanies made up 10% of eBay's sales. Some collectors insured their purchases for a price in the thousands."
Only 10-fold? I thought it was higher than that. So, I next went to eBay, and what do you know, I saw some beanie baby offerings for $680,000 OBO, then $658,000, going on down to $350K, $250K, etc... Holy Molly!
Sure, these are asking prices, but what is the highest actual sale?
I checked for sold items, and the highest was a "Princess Diana 1st Edition" that went for $50,000. The next item was a "Peace Ty Beanie Baby" that was bought for $28,000.
So, who says there's no money in Beanie Babies? I never own one, but if you did, would you not be kicking yourself you did not keep your closet full of them? Just a couple of dozens of them would set you up for cushy retirement, and 1995 was not that long ago.
Buy baby beanies in your 20s, retire early in your 50s. Nice!