TY Collector warn of misleading Princess Beanie Baby values
TY Collector.com are warning people to be wary of misleading and fraudulent information from The Daily Mail and other news sources regarding the value of first edition 'Princess Diana' Beanie Babies.
Over the past few days, various news sources have been reporting that a limited first edition 1997 TY Princess bear that was bought by a Cornwall couple for £10 from a car boot sale could be worth as much as £60,000.
Believing the bear to be of significant value, the couple have listed the bear on eBay with a starting price of £20,000.
Now, experts are warning any potential buyers to be wary of the reports and of any 'uninformed, dishonest or deluded sellers on eBay who who frequently attempt to sell or auction Princess for prices ranging from hundreds to millions of dollars.'
The hype surrounding the bears began after TY told US retailers that they would only be able to order 12 Princess Bears for delivery in December that year. This led many collectors and sellers to falsely believe that the bear was to be a limited edition run-causing a buying frenzy when the bear eventually hit the shelves. As a result demand drove the secondary market value of the bears up to $200.
Though the 'true' production history of the bears is still a mystery, TY Collector.com are warning that regardless of production numbers, first edition bears are only worth as much as $27 these days.
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