Beanie Baby Doc reminds me of Rolex Mania

[NYG1121]

It is the exactly the same. People are just in denial to justify their narrative

[CarlOver]

Originally Posted by WantBlue15202

The people arguing the prices are rational or justified have a vested interest in them being so. If you SOLELY care about owning or enjoying a watch - the price should be irrelevant.

Originally Posted by ce027772

Let's say you own a car. You are driving and enjoying it. When it's time to trade it in for a newer or different car, do you care about its value? I do. I really want to get more money for my current car. People do care about the value of the items they own. If they say they don't, they either have too much money or they are hypocrites. If you have a house, you are enjoying it, but you care about the value of your house.

The gray dealers want the prices to go up. They try to raise prices on chrono24 so others think that the price is actually going up. Message a dealer on chrono about a watch and you will quickly be told that they don’t have the watch so they can’t give you any details. They are bogus ads. I can put an ad on that site and raise the price 1K over the lowest in hopes I can source a watch and resell it.

Most people want their house and car to retain value, but you an I are not likely trying to actively do anything about it. We hope our homes go up in value but we will continue to live there anyway so if there is a dip we won’t care much because we are not going to sell.

[Norbert]

Empires rise and empires fall. Its the way of things.

[WantBlue15202]

Originally Posted by gerry100

Anybody with the right contacts and experience could produce Beanie Babies for pennies.

Even a credible fake Rolex is far more difficult and expensive

Beanie fake cost = $0.50 / resale = $25 - 1000 ?

Rolex fake cost = $200-400 / resale = $700 - 125000 (if you find the right buyer, i.e. that rapper that recently bought a fake Patek from a jeweler)

This doesn't make the authenticity situation any less real. Rolex (and all luxury brands) need to devise a better authenticity verification system generally... it's scary - I trust high end items less and less daily watching how well (and quickly) they can reproduce these watches.

[Glidelock]

Originally Posted by stark1

I used to collect Beanie Babies when I was a kid. Funnily enough, around 6 months ago, I found a basket of rare ones at the local thrift shop and bought them all (around $3 each). Then sold on eBay and made about 3k profit. The proceeds went directly toward my new Rolex. One inflated asset funding for another? Bubble or not, I think there's a lot of humor in what happened.

So what we’re saying here is that for an extremely rare BB, I might have to trade not one, but 2 or more of my Mint discontinued Rolex watches plus add some cash to get my hands on on of those hot little Furbies?

[jfmiii]

Originally Posted by NYG1121

It is the exactly the same. People are just in denial to justify their narrative

This.

[stark1]

Originally Posted by Glidelock

So what we’re saying here is that for an extremely rare BB, I might have to trade not one, but 2 or more of my Mint discontinued Rolex watches plus add some cash to get my hands on on of those hot little Furbies?

To get box and papers with the Beanie, absolutely.

[DRS Enabled]

When Subs go for $100k, then we are in beanie baby territory.

There is a pretty big difference between a $15k finely engineered historically iconic timepiece vs. a bean bag that went for +$100k

[mjwalter80]

This actually brings back a lot of memories for me. I was in high school during the beanie baby craze and had a job a local drug store. One of the perks of working at this drug store is that we got to buy anything in the store at cost plus 10%+tax. Beanie babies were retailed at $5.00 at the time with a cost of $2.50 which meant I could buy them for $2.75 plus tax. I used to buy every single one that I could get my hands on for literally walk three doors down to the specialty store the only bought and sold beanie babies and sell them for $10-$40 a pop. I made probably $20k one summer doing this.

I actually kept one of every beanie baby I ever sold thinking maybe they would appreciate in value and I could sell them 20-30 years in the future for good money. Turns out there are a handful of very rare or error ones that are worth some money, but 99.99% of them you can buy easily for cheap....even the original ones. People ask tons of money for them (someone posted one for 3K higher in this thread) but they rarely get bought.....evern that one had 0 bids on it.

[stark1]

Originally Posted by mjwalter80

This actually brings back a lot of memories for me. I was in high school during the beanie baby craze and had a job a local drug store. One of the perks of working at this drug store is that we got to buy anything in the store at cost plus 10%+tax. Beanie babies were retailed at $5.00 at the time with a cost of $2.50 which meant I could buy them for $2.75 plus tax. I used to buy every single one that I could get my hands on for literally walk three doors down to the specialty store the only bought and sold beanie babies and sell them for $10-$40 a pop. I made probably $20k one summer doing this.

I actually kept one of every beanie baby I ever sold thinking maybe they would appreciate in value and I could sell them 20-30 years in the future for good money. Turns out there are a handful of very rare or error ones that are worth some money, but 99.99% of them you can buy easily for cheap....even the original ones. People ask tons of money for them (someone posted one for 3K higher in this thread) but they rarely get bought.....evern that one had 0 bids on it.

The trend is that the BB that were released AFTER they started getting hyped are worth zip. While the BB released pre-hype are worth something. This is based on my recent research when I stumbled on that basket of rare ones at the thrift.

Connecting this back to our beloved Rolexes, there is definitely no correlation since post and pre-hype pieces are going for oodles of $.

[S52]

My wife was really into BB as a kid. Several years ago we went to her mothers house and found a garbage bag full of them in the attic.

We pulled them all out (about 50 of them) and I figured there had to be at least one that was going for $100 on ebay or something....


nope. I think the most valuable one we found was trending at around $10.

Majority were not selling with buy it nows of $3-5

The entire bag got thrown in the Salvation Army pile and dropped off on our next run there.

[gerry100]

At the height of the BB mania I was a hungry road agent.

Spotted the Arches, turned in and saw the drive thru line was out onto the street.

Turns out there were BBs in the latest Happy Meal, I think they were tossing the food.

Ate elsewhere

[Glidelock]

Originally Posted by Glidelock

So what we’re saying here is that for an extremely rare BB, I might have to trade not one, but 2 or more of my Mint discontinued Rolex watches plus add some cash to get my hands on on of those hot little Furbies?

Originally Posted by stark1

To get box and papers with the Beanie, absolutely.

Box and Papers Bro…Wooo…Hooo!!!

[Solo118]

I held my beanie babies like an idiot. Still have them somewhere in my parents attic.

I was young and thought they would be worth more down the road.

[Dougiebaby]

Originally Posted by ce027772

When you can buy a house for the price of a SS Daytona, you can call it mania

Can I interest you in a $17.8million home?

https://www.forbes.com/sites/hylabau...t-auction/amp/


Of course, I know you are purposely not including this one.


Sent from my iPhone using Tapatalk

[Chester01]

People like to feel special, and there is almost no end to how much they will pay for it.

[stark1]

This thread inspired me to watch the documentary with my wife tonight. My Italian wife (from Italy) had never heard of the Beanie mania growing up. She was shocked and thought the entire phenomenon was absurd. I nodded in agreement while stroking the smooth bracelet of my BLNR, just like how I used to stroke the silky smooth plush of my Princess Diana Beanie.

I apparently have issues, and collecting is one of them.

[inadeje]

Originally Posted by WatchesNBlondes

I remember those days. They used to have conventions with them too. I think I'll sell my Rolexes if they start having Las Vegas conventions with people hawking them.

They already do…type “watches” in youtube and weep…

[ce027772]

Originally Posted by Dougiebaby

Can I interest you in a $17.8million home?

https://www.forbes.com/sites/hylabau...t-auction/amp/


Of course, I know you are purposely not including this one.


Sent from my iPhone using Tapatalk

Since you picked the most expensive SS Daytona watch, I will point out to the most expensive house - https://www.the-sun.com/news/4432178...price-slashed/

Of course, I know you are purposely not including this one.

[henrylee]

Originally Posted by stark1

This thread inspired me to watch the documentary with my wife tonight. My Italian wife (from Italy) had never heard of the Beanie mania growing up. She was shocked and thought the entire phenomenon was absurd. I nodded in agreement while stroking the smooth bracelet of my BLNR, just like how I used to stroke the silky smooth plush of my Princess Diana Beanie.

I apparently have issues, and collecting is one of them.

Haha your comment made me laugh. I don’t even know what a princess diana beanie is but sounds like it was expensive lol.

[YGRLX]

Retail is too cheap, grey prices are still affordable… take a look at Patek greys

[afmars]

Originally Posted by stark1

This thread inspired me to watch the documentary with my wife tonight. My Italian wife (from Italy) had never heard of the Beanie mania growing up. She was shocked and thought the entire phenomenon was absurd. I nodded in agreement while stroking the smooth bracelet of my BLNR, just like how I used to stroke the silky smooth plush of my Princess Diana Beanie.

I apparently have issues, and collecting is one of them.

Hilarious

[cvo]

I have some Beanie Babies to trade for a Sub, anyone interested?

[Flint]

Originally Posted by DaveTheWatchGuy

It’s a cautionary tale of what could happen when the secondary market becomes hotter than the retail market.

This documentary talks about the collectors (who drive all over the country visiting different gift shops to pickup hard to get dolls), novice flippers, professional flippers, trade shows, forums, Authenticators….it all sounds eerily familiar to what’s going on these days with Rolex. Worth checking out.




Sent from my iPhone using Tapatalk

Agree 100% and you only need read certain posts on this forum to realise amongst an ever growing section on TRF , its nothing to do with love for the watch but all about greed / making money / having an item which is difficult to get .

[macrowatch]

Originally Posted by mjwalter80

This actually brings back a lot of memories for me. I was in high school during the beanie baby craze and had a job a local drug store. One of the perks of working at this drug store is that we got to buy anything in the store at cost plus 10%+tax. Beanie babies were retailed at $5.00 at the time with a cost of $2.50 which meant I could buy them for $2.75 plus tax. I used to buy every single one that I could get my hands on for literally walk three doors down to the specialty store the only bought and sold beanie babies and sell them for $10-$40 a pop. I made probably $20k one summer doing this.

I actually kept one of every beanie baby I ever sold thinking maybe they would appreciate in value and I could sell them 20-30 years in the future for good money. Turns out there are a handful of very rare or error ones that are worth some money, but 99.99% of them you can buy easily for cheap....even the original ones. People ask tons of money for them (someone posted one for 3K higher in this thread) but they rarely get bought.....evern that one had 0 bids on it.

Wow, great story! Thank you for sharing it.