One of the world's most valuable collections of teddy bears is being sold by a disgraced hedge fund manager in London next week. Mr Greenwood's lawyer said the sale of the collection of more than 1, cuddly toys - of which 10 per cent are highly prized Steiff teddy bears 'had been approved by the receiver and would be taking place shortly'. Mr Greenwood was charged in February , along with his colleague Steven Walsh, with engaging in 'egregious' investment fraud and using funds invested by clients as a 'personal piggy bank'. Multi-million pound properties, a horse farm, cars and the Steiff teddy bears were among items bought by the duo. He is due to be sentenced in December and faces up to 85 years in prison.
Steiff | Jadees Antique Bear Shoppe
For more than years children have experienced the joy of finding a teddy bear or another cuddly Steiff toy under the tree on Christmas morning. A resolute woman, whose legs and one arm had been paralyzed by polio in childhood, Margarete wanted to lead a normal life, so to earn a living she became a seamstress working out of the family home in Giengen, in southern Germany. In she saw in a magazine a pattern for a small elephant made of fabric. It would completely change her life. She used the pattern to sew pincushion-shaped elephants which her brother Fritz sold at a nearby marketplace. They became so popular as a toy that over 5, elephants were sold by , and that year Margarete Steiff GmbH was founded. It is still today a family-run company heaquartered in Germany with sales and marketing offices in the United States and Britain.
For over a hundred years, stuffed Steiff bears values have remained steady among professional collectors and toy enthusiasts, due in large part to their childhood nostalgia for these lovable creatures. It's time to dust off those bags of stuffed animals hiding in your attic to see if you have one of these beloved bears. Before you go running to take your furry friend to the appraisers, you can use a brief criterion to help you assess whether your stuffed animal is really a Steiff. Checking the ears of antique stuffed bears for buttons can help you immediately identify a Steiff. The company is well-known for marking their stuffed animals' ears with metal labels, and while your bear's button might not have survived through years of childish amusement, a hole in the bear's ear might indicate that a button had once been present.
The Steiff bear is the quintessential toy bear collected the world over. The first Steiff bears showed up in the marketplace in and were the precursor to the beloved teddy bear we know today. Antique Steiff bears are quite collectible, so if you think you have one or are thinking of buying one, it's a good idea to know some of the basic characteristics of authentic Steiffs before selling or buying one. Look for the metal button that is pegged into the left ear of each Steiff bear. Steiff began inserting these buttons in 1.