Wednesday, March 11, 2009

Steiff bears

For most of my life, actually since I was less than one year old I have owned a Steiff bear and lamb. I treasure these toys. A few years ago, I had a friend help arrange to have them evaluated. They are actually worth something and I am going to make sure that my executor knows this and does not just give them to a child to mistreat or to Crippled Civilians.
If you think that I am being silly about these toys, a recent article in the business section of one of the major papers featured Mark Bloom and teddy bears- Steiff that were purchased from a hedge fund that misused peoples' money. We are certainly hearing about many examples of misuse of funds recently. What were these people doing all this time that people did not notice?
The point of the article as far as I am concerned is that Steiff teddy bears often fetch high prices at auction. The person who misused peoples' hedge funds purchased $80,000 worth of Steiff bears. That is a lot of bears. I have a friend who belongs to the Teddy Bear society (no I am not kidding) and she has many bears but I am don't her collection is worth $80,000.
Love my bear and will make sure that I continue to give him the attention he deserves. Must admit that I have not been as good about the lamb.

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