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(The Sun)   Family goes bankrupt after spending £65k on. A) Charities. B) Cancer treatment. C) Beanie babies   (thesun.co.uk ) divider line
    More: Fail, bankruptcy  
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8052 clicks; posted to Main » on 24 Jul 2013 at 8:36 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-07-24 08:37:05 PM  
What year am I in?
 
2013-07-24 08:37:41 PM  
Spike the Rhino is the best.  There can be no discussion.
 
2013-07-24 08:39:29 PM  
i105.photobucket.com
 
2013-07-24 08:39:37 PM  
Is it 2001 again?
 
2013-07-24 08:40:09 PM  
Remember Beanie Babies? They're back, in POG form!
 
2013-07-24 08:40:48 PM  

styckx: What year am I in?


1998 called, they want their fad back.
 
2013-07-24 08:42:59 PM  
This family was pretty much guaranteed to be bankrupt, one scam or th' other, in a few years.  At least Beanie Baby heads don't steal as many air conditioners as meth-heads, don't pester me on Facebook like MLM drones, and don't wreck the national economy like house-flippers and day traders.  Meh.
 
2013-07-24 08:43:08 PM  
Beanie Babies are just a fiat currency, and trading at an all-time low against the Tamigotchi.
 
2013-07-24 08:44:20 PM  
It was either that or the Franklin Mint.
 
2013-07-24 08:44:24 PM  
imgc.allpostersimages.com
 
2013-07-24 08:45:01 PM  
Someone tell that family to warn President Bush about 9/11.
 
2013-07-24 08:45:06 PM  

tapdancingchrist: Spike the Rhino is the best.  There can be no discussion.


Just for fun, I searched for a specific type of Beanie Baby.

I am shocked, absolutely shocked, that there never was an Asian small-clawed otter Beanie Baby.

bostontobk.files.wordpress.com
 
2013-07-24 08:46:00 PM  
They probably WILL make a comeback and vintage Beanie Babies will be worth a fortune--exactly six months after this family has tossed all theirs in the garbage can.
 
2013-07-24 08:46:28 PM  
Tamagotchis into Beanie Babies into Pokemon cards.

Ah, the end of the millennium.
 
2013-07-24 08:46:32 PM  
Came for screencaps of the 3rd Rock from the Sun episode "Collect Call for Dick", but I couldn't find a single one of John Lithgow and the fuzzy buddies. So I haz a sad.
 
2013-07-24 08:47:22 PM  
The line between avarice and artlessness is razor-thin....
 
2013-07-24 08:47:26 PM  
i.imgur.com

Karl Malone love the beany baby
 
2013-07-24 08:47:44 PM  
Hopefully they will be able to sell them all and get enough money to buy some limited edition Franklin Mint dinner plates.
 
2013-07-24 08:48:03 PM  
Nothing says, "I learned my lesson" by making a t-shirt that advertises your stupidity.
imageshack.us
 
2013-07-24 08:49:03 PM  
It's a amazing how many of these I see at garage sales. Thousands. People really went nuts. It's usually the same people who think Precious Moments figurines will be valuable some day too.
 
2013-07-24 08:50:28 PM  
I work with a guy who will buy anything, someone sold him 1800 Beanie Babies for $450. I don't know who got the better part of that deal.
 
2013-07-24 08:51:32 PM  
Things are pointless, burn them.
 
2013-07-24 08:51:35 PM  
Burn them for warmth? I know that a LOT of people would be happy to burn every last one of them.
 
2013-07-24 08:54:01 PM  
I had a friend like this in high school, he was always broke, always.

He never had lunch money so he'd eat whatever was left on our plates, some times I'd feel sorry for him. but then he'd get money and buy the dumbest shiat from gas stations, like a commemorative zippo lighter, or a race car with Dale Sr. on it...and we'd be like dude, stop.
 
2013-07-24 08:54:44 PM  
These people are American, they spent $100,000, not 65,000 quid or whatever then silly Brits call their money.
 
2013-07-24 08:56:28 PM  
Pftftftftftft!  Lame.

theecheck.com
This is where MY money is invested.  Tulips are making a comeback I tells ya!
 
2013-07-24 08:56:39 PM  
A college education?
 
2013-07-24 08:59:07 PM  
Ha ha ha ha!  Stupid!!!

(My Star Wars figure collection will pay for itself threefold one day)
 
2013-07-24 08:59:38 PM  
People still collect those things?
 
2013-07-24 09:06:55 PM  
Action Comic 1.  There were 200,000 printed but only an estimated 50-100 are still in existence.  That is why a crappy quality (graded 1.5 out of 10) would fetch over $100,000 in an auction and why a near mint quality (9/10) fetched over $2,000,000!  Not imagine how much Action Comic 1 would be worth today if there were 10,000 still in existence.  Or imagine if 50,000 were still around.  Or 100,000.  Sure, it would still have collectible value, but that is because it was the introduction of Superman.  There is actually something of worth with the product.  Now look at beanie babies.  Millions upon millions of them were manufactured.  And they were not even an original idea!  Stuffed animals have been around for a very long time.  Add to that the fact that a ton of people were collecting them and you really had to have been an idiot to think that they were a good investment.  That seems to be a problem with a lot of modern collectors.  They are deluded that items being produced in the millions today will be valuable in a few years.  Well, I am glad that this idiot bent bankrupt after spending so much money on beanie babies.  He really was a moron on a monumental scale.
 
2013-07-24 09:07:00 PM  
[Judge_Judy]Ridiculous![/Judge_Judy]

Mass produced goods do not become valuable overnight.  An item that you receive in a happy meal box will not pay for your kid's college tuition.  There are maybe 5-10 limited-run beanies that are worth anything.  Your only other chance of finding a valuable one is to find a mistake.  If, by some fluke you manage to obtain a rare or botched beanie, you have to find someone who not only accepts that your little stuffed toy is valuable but has thousands of dollars to spend.
 
2013-07-24 09:08:45 PM  

stuffy: People still collect those things?


Yeah, my wife has a small collection of beanies and Angry Bird plush etc etc. There's such thing as a healthy hobby and addiction and someone whose just a village idiot. I collect military history books, some I've spent up to $400 per book, however given the rarity some books are, I am generally a cheapo that collects second hand books or reprints, I don't collect anything military (i.e uniforms or guns) as they are pretty much out of my price range and secondly I admire them from a distance, not desire.
 
2013-07-24 09:09:56 PM  
Did this with baseball cards back when I was young.  Now I have boxes upon boxes of worthless cardboard.
 
2013-07-24 09:10:34 PM  
Moo!

product-images.highwire.com
 
2013-07-24 09:10:53 PM  
just buy some yorkie

www.nowtheendbegins.com
 
2013-07-24 09:11:20 PM  

Mock26: That seems to be a problem with a lot of modern collectors. They are deluded that items being produced in the millions today will be valuable in a few years.


You mean my complete set of state quarters is not going to be valuable in a few years?  All that work for nothing!
 
2013-07-24 09:11:28 PM  
Idiots. They really needed to invest in a holding commodity like American Girl dolls.
 
2013-07-24 09:13:00 PM  
Can you eat the beanies? I'm thinking haute coture that the 1% will (pun intended) gobble up.

Good evening. Tonight we have a bean dip made exclusively from McDonalds red beanies circa 1996. The main corse will be a bean risotto(*) with a delightful bean from a purple unicorn very rare. For desert, I am offering a drizzled bean from the Union Pacific blue bear with a light chocolate glaze.

Either that or I'll order Dominos, cut it into slivers and sell it to you at $500 a sliv.
 
2013-07-24 09:16:44 PM  

aerojockey: Mock26: That seems to be a problem with a lot of modern collectors. They are deluded that items being produced in the millions today will be valuable in a few years.

You mean my complete set of state quarters is not going to be valuable in a few years?  All that work for nothing!


I'll give you $12.50 for the set. Cash on delivery. You pay shipping.
 
2013-07-24 09:17:56 PM  
static.comicvine.com
 
2013-07-24 09:19:20 PM  
The Greater Fool Theory.

The trick to making money with the Greater Fool theory is to make sure you're not the Greatest Fool.
 
2013-07-24 09:19:27 PM  

nimeye: Did this with baseball cards back when I was young.  Now I have boxes upon boxes of worthless cardboard.


I hate to tell ya, some of those cards are worth a few, my dad has a collection dated back from the 70s in mint condition. His prize is a 1982 Olympic baseball bat signed by all the players, far as I know there are less then 3 out there.
 
2013-07-24 09:24:12 PM  
Someday they may be valuable to your great great great great grandchildren.
If man is still alive
if woman can survive
 
2013-07-24 09:24:38 PM  

Mock26: Action Comic 1.  There were 200,000 printed but only an estimated 50-100 are still in existence.  That is why a crappy quality (graded 1.5 out of 10) would fetch over $100,000 in an auction and why a near mint quality (9/10) fetched over $2,000,000!  Not imagine how much Action Comic 1 would be worth today if there were 10,000 still in existence.  Or imagine if 50,000 were still around.  Or 100,000.  Sure, it would still have collectible value, but that is because it was the introduction of Superman.  There is actually something of worth with the product.  Now look at beanie babies.  Millions upon millions of them were manufactured.  And they were not even an original idea!  Stuffed animals have been around for a very long time.  Add to that the fact that a ton of people were collecting them and you really had to have been an idiot to think that they were a good investment.  That seems to be a problem with a lot of modern collectors.  They are deluded that items being produced in the millions today will be valuable in a few years.  Well, I am glad that this idiot bent bankrupt after spending so much money on beanie babies.  He really was a moron on a monumental scale.


When I was at the comics collecting age, hung around the Good local comic shop.
The owner explained how he financed his business.
During WWII, when he went on paper drives throughout town, he had a box for the newspapers and magazines, and one for the comic books.
Seems that the were lots of Action Comic #1 out there at the time, but they had one problem.
The kids who bought them would cut the coupons out of them to order the advertised goodies.
But the coupons were printed on the back side of the actual pages of the story. Making them worthless for collecting.
He said that all the comics in good shape went into his box, and then into storage.
Came time to acquire the capital for his shop, he would sell a few at a time.
Shop is still going strong and is know worldwide for it's inventory.
 
2013-07-24 09:26:15 PM  

aerojockey: Mock26: That seems to be a problem with a lot of modern collectors. They are deluded that items being produced in the millions today will be valuable in a few years.

You mean my complete set of state quarters is not going to be valuable in a few years?  All that work for nothing!


If they are all mint condition (as in they have never been touched by humans) they might be worth $250.  Maybe.
 
2013-07-24 09:28:17 PM  
My 5 year old daughter broke her collarbone on Monday when my 9 year old son ran over her with his bike. (on accident) The x-ray people gave her a pink octopus beanie baby named Inky. She loves it.

www.twinstwo.net
 
2013-07-24 09:30:51 PM  
Whenever I go to one of those outdoor flea markets, there is always some shlump or two selling those things. Some are still deluded enough to try and get the "collector" price. But some have finally come to the crushing realization that they may have been duped. I like to go to those tables, let my daughter pick one out, give the person the dollar or two and then immediately rip the tag off and hand it to my daughter. The look on their faces is priceless.

/okay I only did that once but it was funny.
 
2013-07-24 09:31:15 PM  
If your parents are buying beanie babies for your college fund, then there are both environmental and genetic factors working against you attending tertiary education.
 
2013-07-24 09:31:40 PM  

The Downfall: My 5 year old daughter broke her collarbone on Monday when my 9 year old son ran over her with his bike. (on accident) The x-ray people gave her a pink octopus beanie baby named Inky. She loves it.

[www.twinstwo.net image 500x500]


Better put it a vacuum sealed plastic, acid-free bag.  That thing might be worth $1.25 in 10 years!
 
2013-07-24 09:32:39 PM  
Oh, I remember those things.
 
2013-07-24 09:33:16 PM  
My parents knew another rather rich couple who owned a few McDonald's back during the Beanie Baby craze. They gave us enough complete unopened sets of the McDonald's special version (smaller ones?) so that me and my sister both had a complete set to just have and complete set to never open. Pretty sure I still have them all, never got around to getting rid of them. They're worthless.

And no, I don't know how my parents came to be friends with people who owned a bunch of fast food restaurants.
 
2013-07-24 09:35:37 PM  
Late 90s throwback!

I know, it wasn't that long ago after all. Still seems oddly quaint.
 
2013-07-24 09:36:25 PM  
greedy AND stupid??

where can i get such a family?
 
2013-07-24 09:41:17 PM  

Mock26: aerojockey: Mock26: That seems to be a problem with a lot of modern collectors. They are deluded that items being produced in the millions today will be valuable in a few years.

You mean my complete set of state quarters is not going to be valuable in a few years?  All that work for nothing!

If they are all mint condition (as in they have never been touched by humans) they might be worth $250.  Maybe.



When the state quarters were first produced, the Mint sold a bag of uncirculated coins for a particular state (100 quarters per bag) for about $30 or so--$25.00 face value  plus shipping. At one point, the mint bags for the first states released were selling on eBay for $400 a bag. So I bought ten of the mint bags at exactly the point where the Mint decided to increase their production--because the demand was so high--and the eBay prices plummeted. Sigh.

Fortunately, the coins still had their face value so I only lost the cost of shipping, and, in fact, I did sell some of them on eBay for a few small profit.
 
2013-07-24 09:42:18 PM  
Probably this girl's boyfriend.....

images2.wikia.nocookie.net
 
2013-07-24 09:42:44 PM  
The only trick to collecting is to pick up things that no one bought so it's no longer made (and hope someone wants it in the future).  Have fun with that.
 
2013-07-24 09:43:42 PM  

davynelson: greedy AND stupid??

where can i get such a family?


On Bravo.  They're called the Kardashians.
 
2013-07-24 09:44:06 PM  

ArtosRC: Tamagotchis into Beanie Babies into Pokemon cards.

Ah, the end of the millennium.


The difference is that NIB Tamagotchis were worth $50 a pop a decade later.
 
2013-07-24 09:45:35 PM  
In American, that's like less than ten bucks, they'll be fine.
 
2013-07-24 09:46:53 PM  

TheAlgebraist: Beanie Babies are just a fiat currency, and trading at an all-time low against the Tamigotchi.


s8.postimg.org
 
2013-07-24 09:47:44 PM  
I had a high school job at McDonald's when they were giving away Beanie Babies with the happy meals. People could buy up to ten happy meals per visit, they did and we would bust our humps to accommodate them and the zillion or so other people in our store only to see them grab the toys from the boxes and throw the food right into the trash. I believe that was the day I lost faith in humanity.
 
2013-07-24 09:48:16 PM  
I know the feeling, I collect Sideshow statues and some Bowen pieces.  At least, for the most part, you can get your money back if you need to sell those.  Unfortunately, they are getting so expensive I am about priced out of the hobby.
 
2013-07-24 09:48:49 PM  

TastyEloi: They probably WILL make a comeback and vintage Beanie Babies will be worth a fortune--exactly six months after this family has tossed all theirs in the garbage can.


Unlikely; some  things were just so heavily over-sold that they'll never be worth money.  Look at the collecting crazes of the 1970s (beer cans, vintage bottles, "collectible" plates) and you'll see what I'm talking about.

Basically, anything specifically marketed as "collectible" is going to bubble and become valueless.

Want to put your money into something that will increase in value?  Buy something common today that no one saves but everyone will want in a couple decades.
 
2013-07-24 09:52:39 PM  
If I was convinced of the collectability of a massively mass-produced item, I would still check its value over time as I continued to acquire it.

Pretty sure I'd figure out that it was not appreciating in value at some point before I'd managed to burn off $100k.

I hope I'd also notice that "mass-produced" and "great investment" tags are not typically compatible.

I really hope that even if I failed all of the above tests, I wouldn't pay someone to make me a special "I AM A MORON; PITY ME" T-shirt.

...and if I failed all THOSE tests, I hope I wouldn't call up a tabloid and invite them to drop by and give me a good solid international laughing-at.  Ouch.
 
2013-07-24 09:54:55 PM  

Dwight_Yeast: TastyEloi: They probably WILL make a comeback and vintage Beanie Babies will be worth a fortune--exactly six months after this family has tossed all theirs in the garbage can.

Unlikely; some  things were just so heavily over-sold that they'll never be worth money.  Look at the collecting crazes of the 1970s (beer cans, vintage bottles, "collectible" plates) and you'll see what I'm talking about.

Basically, anything specifically marketed as "collectible" is going to bubble and become valueless.

Want to put your money into something that will increase in value?  Buy something common today that no one saves but everyone will want in a couple decades.



The tricky part is knowing what common items today will be seen as valuable in the future. I suspect if I tried that strategy, 25 years from now I'd end up with a house full of useless crap. And I already have a house full of useless crap.
 
2013-07-24 10:01:11 PM  

TastyEloi: Dwight_Yeast: TastyEloi: They probably WILL make a comeback and vintage Beanie Babies will be worth a fortune--exactly six months after this family has tossed all theirs in the garbage can.

Unlikely; some  things were just so heavily over-sold that they'll never be worth money.  Look at the collecting crazes of the 1970s (beer cans, vintage bottles, "collectible" plates) and you'll see what I'm talking about.

Basically, anything specifically marketed as "collectible" is going to bubble and become valueless.

Want to put your money into something that will increase in value?  Buy something common today that no one saves but everyone will want in a couple decades.


The tricky part is knowing what common items today will be seen as valuable in the future. I suspect if I tried that strategy, 25 years from now I'd end up with a house full of useless crap. And I already have a house full of useless crap.


Got any Major Matt Mason stuff?
 
2013-07-24 10:05:25 PM  

The Downfall: My 5 year old daughter broke her collarbone on Monday when my 9 year old son ran over her with his bike. (on accident) The x-ray people gave her a pink octopus beanie baby named Inky. She loves it.

[www.twinstwo.net image 500x500]


it may be silly to invest in something like beanies. On the other hand they are nice little stuffed animals for kids. Worst case scenario, one ends up donating their collection to a hospital or something.
 
2013-07-24 10:08:13 PM  
Fools!!!  They should have invested in Magic the Gathering cards!!!  They take up less space.
 
2013-07-24 10:11:01 PM  

TastyEloi: Dwight_Yeast: TastyEloi: They probably WILL make a comeback and vintage Beanie Babies will be worth a fortune--exactly six months after this family has tossed all theirs in the garbage can.

Unlikely; some  things were just so heavily over-sold that they'll never be worth money.  Look at the collecting crazes of the 1970s (beer cans, vintage bottles, "collectible" plates) and you'll see what I'm talking about.

Basically, anything specifically marketed as "collectible" is going to bubble and become valueless.

Want to put your money into something that will increase in value?  Buy something common today that no one saves but everyone will want in a couple decades.


The tricky part is knowing what common items today will be seen as valuable in the future. I suspect if I tried that strategy, 25 years from now I'd end up with a house full of useless crap. And I already have a house full of useless crap.


Well,your worthless crap will be worth 10x more in 25 years time!
 
2013-07-24 10:17:54 PM  
FloydA:

Stupid cat pics are stupid!!!
 
2013-07-24 10:20:20 PM  
Did they had a time machine?
 
2013-07-24 10:20:53 PM  

TheXerox: I had a high school job at McDonald's when they were giving away Beanie Babies with the happy meals. People could buy up to ten happy meals per visit, they did and we would bust our humps to accommodate them and the zillion or so other people in our store only to see them grab the toys from the boxes and throw the food right into the trash. I believe that was the day I lost faith in humanity.


Was that because people were throwing away junk food, or you because you were employed by McDonalds?
Just asking.
 
2013-07-24 10:30:24 PM  
Meh.  Meanies are where the money is at.

Splat the Road Kill Kat

Mat the Fat Bat

Fi-Do the Dalmutation

Navy Seal
 
2013-07-24 10:36:14 PM  

TheXerox: I had a high school job at McDonald's when they were giving away Beanie Babies with the happy meals. People could buy up to ten happy meals per visit, they did and we would bust our humps to accommodate them and the zillion or so other people in our store only to see them grab the toys from the boxes and throw the food right into the trash. I believe that was the day I lost faith in humanity.


Well to be fair, the food is pretty terrible. I'm willing to bet that the beanie baby itself had more nutritional value.
 
2013-07-24 10:38:25 PM  

Psycoholic_Slag: Pftftftftftft!  Lame.

[theecheck.com image 800x521]
This is where MY money is invested.  Tulips are making a comeback I tells ya!


I was about to simply leave a comment: "tulips".  Danged if I was trumped by a nice little painting to boot.
 
2013-07-24 10:38:35 PM  
Oh dear. I remember driving a guy from our Minnesota office (we were based in Westboro, MA) to the local Beanie Baby store in 1998. I can't believe how many adults fell for that garbage.
 
2013-07-24 10:40:16 PM  

silverjets: Meh.  Meanies are where the money is at.

Splat the Road Kill Kat

Mat the Fat Bat

Fi-Do the Dalmutation

Navy Seal


Sounds like Garbage Pail Kids to me.
 
2013-07-24 10:55:03 PM  
"And he also admitted they will probably never see any of the money back, saying: "We actually never really tried selling them."

What a bizarre comment. I'd remove the word "probably" from there.
 
2013-07-24 11:00:39 PM  

rhiannon: What a bizarre comment. I'd remove the word "probably" from there.


think he's clinging to some dream about a White Knight Beanie Savior who will come and deliver him from stupidity.
 
2013-07-24 11:06:18 PM  

hawcian: My parents knew another rather rich couple who owned a few McDonald's back during the Beanie Baby craze. They gave us enough complete unopened sets of the McDonald's special version (smaller ones?) so that me and my sister both had a complete set to just have and complete set to never open. Pretty sure I still have them all, never got around to getting rid of them. They're worthless.

And no, I don't know how my parents came to be friends with people who owned a bunch of fast food restaurants.



I'll bet they were swingers. Good luck getting that image out of your head now.
 
2013-07-24 11:07:21 PM  

StinkyFiddlewinks: Oh dear. I remember driving a guy from our Minnesota office (we were based in Westboro, MA) to the local Beanie Baby store in 1998. I can't believe how many adults fell for that garbage.


I knew kids in school who went nuts for pokemon cards and things called Pog - back then I hung out at a baseball card shop that sold pogs, kids would literally buy up stacks of them.

/we played by a gambling rule, what ones you knocked over you kept - until someone rattled out and we couldnt play it no more unless off campus
 
2013-07-24 11:09:36 PM  

adeist69: .I'll bet they were swingers. Good luck getting that image out of your head now.


Ouch, you play for KEEPS.
 
2013-07-24 11:11:03 PM  

BadReligion: I work with a guy who will buy anything, someone sold him 1800 Beanie Babies for $450. I don't know who got the better part of that deal.


That's pretty cool, you could be king of your block for 10 Halloweens giving those things out.

The big collecting opportunity that I knew was a goldmine was Sergio Argones-illustrated comic Groo the Wanderer.  The #1 issue was a $.25 cover price, and I was sure that in ten years they'd be $25 each.  And they were.  A hundred times your money in ten years.  Just sick.  But of course I missed the boat, it would be nice to have 300-400 copies of Groo #1 sitting in a storage locker.  When I think that 400 copies was only $100, it hurts.
 
2013-07-24 11:15:37 PM  
We have all seen that face on the wife. It never ends well.
 
2013-07-24 11:21:43 PM  
So the wife's x-files comic books aren't worth anything?

I donated her beanie babies to the children's hospital.
 
2013-07-24 11:31:52 PM  

Dwight_Yeast: TastyEloi: They probably WILL make a comeback and vintage Beanie Babies will be worth a fortune--exactly six months after this family has tossed all theirs in the garbage can.

Unlikely; some  things were just so heavily over-sold that they'll never be worth money.  Look at the collecting crazes of the 1970s (beer cans, vintage bottles, "collectible" plates) and you'll see what I'm talking about.

Basically, anything specifically marketed as "collectible" is going to bubble and become valueless.

Want to put your money into something that will increase in value?  Buy something common today that no one saves but everyone will want in a couple decades.


Collecting for profit is a suckers game. Collect things you like and be pleased when you collection turns out to be worth something.

People collect the insulators off telephone poles, for Pete's sake
 
2013-07-24 11:35:20 PM  
Whoever made Beanie Babies made sure to stoke this collecting frenzy by making occasional limited edition ones or ones with different tags etc. For a while the prices of the things were climbing like a ponzi scheme and that just stoked the fire more. At a certain point however someone realized "Hey I just spent $500 on a stupid stuffed beanbag that looks like a bear" and then the fad ended. It was the same with Swatch watches. I had one, a rare one, from 1985 and I lost it. I bought it on Ebay about two years ago for exactly what it cost new in 1985. The guy had a house full of them new in the box with the batteries removed and he was drowning in them. I dont think anything collectible is ever really good over the long haul except maybe art or anything of high quality made in very small quantities or one of a kind.
 
2013-07-24 11:46:28 PM  

TastyEloi: Dwight_Yeast: TastyEloi: They probably WILL make a comeback and vintage Beanie Babies will be worth a fortune--exactly six months after this family has tossed all theirs in the garbage can.

Unlikely; some  things were just so heavily over-sold that they'll never be worth money.  Look at the collecting crazes of the 1970s (beer cans, vintage bottles, "collectible" plates) and you'll see what I'm talking about.

Basically, anything specifically marketed as "collectible" is going to bubble and become valueless.

Want to put your money into something that will increase in value?  Buy something common today that no one saves but everyone will want in a couple decades.


The tricky part is knowing what common items today will be seen as valuable in the future. I suspect if I tried that strategy, 25 years from now I'd end up with a house full of useless crap. And I already have a house full of useless crap.


Bingo! And that's why you buy what is already old and collectible, but most important of all, what it is you simply like. Personal enjoyment factor comes first. Buy the best example you can afford, and enjoy it. when we die we taking none of this crap with us. The whole "keeping up with the Joneses" was created and circulated by the government. The government is wealthy powerful people who own all the factories. they just want us to buy buy buy their goods and services, debt be damned.
The Beanie Baby family? Eugenics is the answer. There are too many stupid people.
 
2013-07-24 11:51:00 PM  

Dr.Zom: It's a amazing how many of these I see at garage sales. Thousands. People really went nuts. It's usually the same people who think Precious Moments figurines will be valuable some day too.


They should have bought original Hummels in the 60s. Those are actually worth something.
 
2013-07-24 11:51:08 PM  

StoPPeRmobile: [static.comicvine.com image 850x566]


The original Cabbage Patch Kids are worth money...not the plastic head ones.
 
2013-07-24 11:56:37 PM  

Gergesa: Fools!!!  They should have invested in Magic the Gathering cards!!!  They take up less space.


I sold two mint condition cards (1994 set) last year. Got $145.00 for one and $90 for the other.
 
2013-07-25 12:18:26 AM  

deanayer: Whoever made Beanie Babies made sure to stoke this collecting frenzy by making occasional limited edition ones or ones with different tags etc. For a while the prices of the things were climbing like a ponzi scheme and that just stoked the fire more. At a certain point however someone realized "Hey I just spent $500 on a stupid stuffed beanbag that looks like a bear" and then the fad ended. It was the same with Swatch watches. I had one, a rare one, from 1985 and I lost it. I bought it on Ebay about two years ago for exactly what it cost new in 1985. The guy had a house full of them new in the box with the batteries removed and he was drowning in them. I dont think anything collectible is ever really good over the long haul except maybe art or anything of high quality made in very small quantities or one of a kind.


The guy who came up with Beanie Babies was a marketing genius.
 
2013-07-25 12:43:48 AM  

Fjornir: rhiannon: What a bizarre comment. I'd remove the word "probably" from there.

I  think he's clinging to some dream about a White Knight Beanie Savior who will come and deliver him from stupidity.


That would be a true savior. I mean, he's not even trying to sell them. But maybe one day, late at night, the WKBS will cold call him saying "hey dude, you like, got any Beanie Babies?" and the joke will be on us.
 
2013-07-25 01:01:35 AM  
I remember when those things came out. I didn't give a shiat about them either way and then, suddenly, everyone was collecting them. Limited editions popped up everywhere. TV programs showed chunky women surrounded by Beanie Babies, proudly informing anyone who would listen about why each one was valuable.

I was still trying to wrap my head around the explosion in collect ability of the remarkably Ugly Cabbage Patch Kids.

I was starting to doubt the sanity of the average adult. I started questioning the future of the human race.

Several years later, the value of both toys crashed and people were left with hundreds of the colorful, cheaply made things.

Kind of like Pogs. Remember them? They didn't last as long as Baseball Cards and the original baseball cards were usually bought with a slab of gum for a few cents -- to become worth hundreds in less than 20 years.
You never know with collectables. Especially those not related to any hit motion picture.

Surprisingly, marbles we played with and usually lost, as kids, the old ones, are worth quite a bit today. We used to buy a bag for a few cents and use them for sling shot ammo. We also used to heat them up in a frying pan, quench them with water and get delightfully cracked glass spheres.

I never did like the Beanie Babies though.
 
2013-07-25 01:02:00 AM  

sambluesnark: Mock26: Action Comic 1.  There were 200,000 printed but only an estimated 50-100 are still in existence.  That is why a crappy quality (graded 1.5 out of 10) would fetch over $100,000 in an auction and why a near mint quality (9/10) fetched over $2,000,000!  Not imagine how much Action Comic 1 would be worth today if there were 10,000 still in existence.  Or imagine if 50,000 were still around.  Or 100,000.  Sure, it would still have collectible value, but that is because it was the introduction of Superman.  There is actually something of worth with the product.  Now look at beanie babies.  Millions upon millions of them were manufactured.  And they were not even an original idea!  Stuffed animals have been around for a very long time.  Add to that the fact that a ton of people were collecting them and you really had to have been an idiot to think that they were a good investment.  That seems to be a problem with a lot of modern collectors.  They are deluded that items being produced in the millions today will be valuable in a few years.  Well, I am glad that this idiot bent bankrupt after spending so much money on beanie babies.  He really was a moron on a monumental scale.

When I was at the comics collecting age, hung around the Good local comic shop.
The owner explained how he financed his business.
During WWII, when he went on paper drives throughout town, he had a box for the newspapers and magazines, and one for the comic books.
Seems that the were lots of Action Comic #1 out there at the time, but they had one problem.
The kids who bought them would cut the coupons out of them to order the advertised goodies.
But the coupons were printed on the back side of the actual pages of the story. Making them worthless for collecting.
He said that all the comics in good shape went into his box, and then into storage.
Came time to acquire the capital for his shop, he would sell a few at a time.
Shop is still going strong and is know worldwide for it's inventory.




Also known as Funky Winkerbean...
 
2013-07-25 01:03:19 AM  
You could get at least a dozen Magritte, Jim Dine, Dali or lesser Picasso works for that amount:: http://www.artbrokerage.com/Rene-Magritte

Idiots.
 
2013-07-25 01:18:32 AM  

TheXerox: I had a high school job at McDonald's when they were giving away Beanie Babies with the happy meals. People could buy up to ten happy meals per visit, they did and we would bust our humps to accommodate them and the zillion or so other people in our store only to see them grab the toys from the boxes and throw the food right into the trash. I believe that was the day I lost faith in humanity.


I've heard from lots of people who worked at McDonald's during that time period who have similar stories. It seems like it would have been easier for the collector to apply for a job at the store and work there for a short time to get the Beanie Babies they wanted. Or simply bribe one of the workers to save one of each for them. If McDonald's is anything like the Burger King I worked for, the Happy Meal toys weren't kept in a high security location. There was usually a cardboard box of them under the counter.
 
2013-07-25 01:56:07 AM  

EngineerAU: TheXerox: I had a high school job at McDonald's when they were giving away Beanie Babies with the happy meals. People could buy up to ten happy meals per visit, they did and we would bust our humps to accommodate them and the zillion or so other people in our store only to see them grab the toys from the boxes and throw the food right into the trash. I believe that was the day I lost faith in humanity.

I've heard from lots of people who worked at McDonald's during that time period who have similar stories. It seems like it would have been easier for the collector to apply for a job at the store and work there for a short time to get the Beanie Babies they wanted. Or simply bribe one of the workers to save one of each for them. If McDonald's is anything like the Burger King I worked for, the Happy Meal toys weren't kept in a high security location. There was usually a cardboard box of them under the counter.


Nowadays, you can just buy the toy without buying the Happy Meal, but I don't think they let you do that back then.

Rik01: I remember when those things came out. I didn't give a shiat about them either way and then, suddenly, everyone was collecting them. Limited editions popped up everywhere. TV programs showed chunky women surrounded by Beanie Babies, proudly informing anyone who would listen about why each one was valuable.


I remember it, too. I remember the first mention I'd heard was from one of my aunts in the mid '90s. And I remember seeing a small kiosk at the mall. Then a few years later, they were everywhere. I remember hearing stories about fat middle-aged ladies knocking over little kids to get their hands on them.

I did a quick Google search and someone is trying to sell the Princess Diana one for $100K on eBay. Good luck with that.
 
2013-07-25 02:08:48 AM  

BadReligion: I work with a guy who will buy anything, someone sold him 1800 Beanie Babies for $450. I don't know who got the better part of that deal.


Even if he sells them for a couple bucks a piece plus shipping (say on ebay, USPS First Class with max 13 oz at about $3.80), he did. He paid .25 each. Even after the fees, 1.99 each and shipping, he profits. However, it would be a giant pain in the ass, unless he uses a certain loophole to just make one listing. Probably some in there would go for a bit more, also.

/shrug

I hate that I just figured that out within minutes. What has ebay done to me??
 
2013-07-25 02:10:37 AM  
Well that's what you get for being stupid.
 
2013-07-25 02:51:35 AM  
CraicBaby:I did a quick Google search and someone is trying to sell the Princess Diana one for $100K on eBay. Good luck with that.

Ah, that purple Princess Diana bear.  I remember seeing news items about how each store only got 12 of them per shipment, and hundreds of people would show up on the day of the delivery.  Most stores would sell tickets and raffle them off.

During the middle of this craziness, I went into a Finnegan's one day with my dad.  There were their twelve super-desirable Princess Diana bears lined up on the shelf.  So I walked up, grabbed one, took it to the counter and bought it.  The next day on the news, there was yet another story about people mobbing a store to buy one of these so-rare bears.  I laughed and laughed.

Don't know what ever happened to that bear.  Can't really bring myself to care, either.
 
2013-07-25 02:56:30 AM  

Lachwen: CraicBaby:I did a quick Google search and someone is trying to sell the Princess Diana one for $100K on eBay. Good luck with that.

Ah, that purple Princess Diana bear.  I remember seeing news items about how each store only got 12 of them per shipment, and hundreds of people would show up on the day of the delivery.  Most stores would sell tickets and raffle them off.

During the middle of this craziness, I went into a Finnegan's one day with my dad.  There were their twelve super-desirable Princess Diana bears lined up on the shelf.  So I walked up, grabbed one, took it to the counter and bought it.  The next day on the news, there was yet another story about people mobbing a store to buy one of these so-rare bears.  I laughed and laughed.

Don't know what ever happened to that bear.  Can't really bring myself to care, either.


Here's the link. There's some others listed below it. It's funny because there's one with a Buy It Now price of $30K, and then immediately below that one is one going for $9.95. There are a lot of delusional people out there.
 
2013-07-25 03:05:22 AM  

Fano: Dwight_Yeast: TastyEloi: They probably WILL make a comeback and vintage Beanie Babies will be worth a fortune--exactly six months after this family has tossed all theirs in the garbage can.

Unlikely; some  things were just so heavily over-sold that they'll never be worth money.  Look at the collecting crazes of the 1970s (beer cans, vintage bottles, "collectible" plates) and you'll see what I'm talking about.

Basically, anything specifically marketed as "collectible" is going to bubble and become valueless.

Want to put your money into something that will increase in value?  Buy something common today that no one saves but everyone will want in a couple decades.

Collecting for profit is a suckers game. Collect things you like and be pleased when you collection turns out to be worth something.

People collect the insulators off telephone poles, for Pete's sake


My grandma collects those, and R.S. Prussia sugar bowls.
 
2013-07-25 03:10:24 AM  

CraicBaby: Lachwen: CraicBaby:I did a quick Google search and someone is trying to sell the Princess Diana one for $100K on eBay. Good luck with that.

Ah, that purple Princess Diana bear.  I remember seeing news items about how each store only got 12 of them per shipment, and hundreds of people would show up on the day of the delivery.  Most stores would sell tickets and raffle them off.

During the middle of this craziness, I went into a Finnegan's one day with my dad.  There were their twelve super-desirable Princess Diana bears lined up on the shelf.  So I walked up, grabbed one, took it to the counter and bought it.  The next day on the news, there was yet another story about people mobbing a store to buy one of these so-rare bears.  I laughed and laughed.

Don't know what ever happened to that bear.  Can't really bring myself to care, either.

Here's the link. There's some others listed below it. It's funny because there's one with a Buy It Now price of $30K, and then immediately below that one is one going for $9.95. There are a lot of delusional people out there.


Hahaha!  Oh god...oh god, I cannot stop laughing.  You are right, there are some  seriously delusional people out there.

I think the funniest are the ones being touted as having "RARE VINTAGE PVC PELLETS."  If the internet had smell-o-vision, I'm pretty sure that link would reek of denial and desperation.
 
2013-07-25 07:58:06 AM  
They seem sane compared to Cabbage Patch Kids nutjobs.
 
2013-07-25 08:44:32 AM  
At first I felt compelled to apologise for the stupidity of my fellow countrymen, but now, fark 'em, idiotic wankers.
 
2013-07-25 10:23:20 AM  

Dwight_Yeast: TastyEloi: They probably WILL make a comeback and vintage Beanie Babies will be worth a fortune--exactly six months after this family has tossed all theirs in the garbage can.

Unlikely; some  things were just so heavily over-sold that they'll never be worth money.  Look at the collecting crazes of the 1970s (beer cans, vintage bottles, "collectible" plates) and you'll see what I'm talking about.

Basically, anything specifically marketed as "collectible" is going to bubble and become valueless.

Want to put your money into something that will increase in value?  Buy something common today that no one saves but everyone will want in a couple decades.



Like a 110 camera......
..... WITH flash!
 
2013-07-25 10:24:31 AM  

CaptSS: Hopefully they will be able to sell them all and get enough money to buy some limited edition Franklin Mint dinner plates.


Remember: Not all plates go up in value; some go down.
 
2013-07-25 11:10:33 AM  

rfenster: Probably this girl's boyfriend.....

[images2.wikia.nocookie.net image 375x517]


Wow. You either are an 11 year old girl, have an 11 year old girl, or date an 11 year old girl.

/I'm the middle one.
 
2013-07-25 02:44:45 PM  
I don't blame this guy. It was the predatory Beanie Baby Sellers who are at fault.
 
2013-07-25 10:04:00 PM  

serialsuicidebomber: Like a 110 camera......
..... WITH flash!


Sadly, no.  I see even century-old Brownie box cameras go for nothing these days.

Now, if you were to set out to collect every 110 camera ever made, you may end up with some that are actually worth some money.

Along similar lines, there was a nurse who collected vintage bedpans (which are likewise generally impossible to get rid of).  She collected them because no one else did, and ended up with a couple thousand different examples. When she finally went to sell the collection, there was a lot of interest in it, as no one else had ever amassed such a complete collection of bedpans.
 
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