Pop Culture · 2
Which toy company's 1999 announcement to retire Beanie Babies caused their speculative resale prices to crash overnight?
Answer
Ty Inc.
Ty Inc., founded by Ty Warner, manufactured Beanie Babies and announced in 1999 that the line would be retired, which instantly deflated the speculative collector market.
💡 Did you know?
Beanie Babies' collector craze spawned a futures market; some rare bears sold for $5,000+ until 1999 when Ty announced a retirement date, crashing prices overnight.
Other options people guess
- Mattel
- Hasbro
- Fisher-Price
Topics
- 1990s
- toys
- beanie-babies
- fads
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