Mattel Inc

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wikicollecting

2015-06-26 10:39:15

Mattel Inc is the world’s largest toy manufacturer, including action figures, based on revenue. Its toy products include Barbie dolls, Hot Wheels and Matchbox cars and, in the early-1980s, video game consoles.

The company generated $5.92 billion in revenue according to its annual SEC income statement in 2008.

Company history

The company was founded by Harold “Matt” Matson and Elliot Handler in 1945, whose nickname and Christian name respectively form the company’s title, “Matt-el”.

Handler’s wife, Ruth Handler, became president of the company and is credited with establishing the Barbie franchise for the company in 1959.

Notable sales

A Barbie doll designed by jewellery maker De Beers created to celebrate Barbie's 40th anniversary was sold for $85,000 in 1999. It wore a dress detailed with 160 diamonds, along with miniature white gold jewellery.

Christie’s New York auctioned what became the world’s most expensive Barbie in 2010. Wearing a one carat pink diamond necklace surrounded by three carat white diamonds designed by jeweller Stefano Canturi, the Barbie was sold for $302,500.

On January 24th, 2007 a Barbie "No. 2" mint condition doll in box dated to 1959-60 was auctioned by Dallas Auction Gallery in Texas, United States. It realised $9,000.

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