My employer asked me to write her an informative but fun article and sent me the topic. It's 'Vintage Steiff Bears Value.'
I wrote it, and had to do all the sourcing myself since her sources were all dead-ends, and now she is bashing me, saying that my level of writing is that of a Bangladesh freelancer writing 1k words on the subject for $3.
She said she would pay me for the article and that we would not work together anymore because of my incompetency.
She does not have any degree related to English language, journalism, or anything similar. At one point in the text writing, she asked why am I writing about the stuffed bears. The whole topic revolves around stuffed bears.
So, since she will take this text, and claim it as her own or someone else's, before she fine-tunes it and such, I will post the raw here. We are not under any contract, she has not bought my author's rights and such, so I am not under any obligation to keep it a secret.
[Vintage Steiff Bear Value]
Everyone has probably owned that one Stuffed bear in their childhood that they adored the most. They might have gotten them as a gift or inherited them from their parents or even grandparents if they were lucky. Although this kind of stuffed animal is no longer rare and can be bought at an ordinary mall, it indeed has a history behind it, and it’s a rich one.
Today, more than a hundred years later, collectors are ardently buying old Teddy bears, and it’s a surprise that one’s vintage Steiff bear value can reach up to tens of thousands of bucks, sometimes surpassing even a hundred thousand at auctions.
To a German toy-making company, Steiff, an American buyer in 1903, put in an order for 3,000 stuffed bears. Unfortunately, they didn't survive the shipment but that never stopped people from ordering them.
The later Steiff bear appearance exploded on the market, making them a sensation. These bears themselves gained the moniker ‘Teddy’ because a cartoon showing American President Theodore Roosevelt and a bear cub appeared.
In just three years, the Steiff company made almost two million more bears with the help of 400 staff and 1,800 out workers, and their output had not yet stopped. This year, 1907, now has the name Teddy Bear Boom Year.
To prove the authenticity of their products, the Steiff company at the time put in a ‘button in ear’ tag, which is used even today to differentiate between Steiff toys and counterfeits.
The inventor of the Steiff teddy bear was Richard Steiff. He made the design for the BEAR 55 PB, and the first bear ever made according to this design is said not to exist anymore. This bear had movable arms and legs, and it was the world’s first one with such features.
No matter the toy, the Steiff company’s motto, which states that ‘’Only the best is good enough for our children,’’ has made their products top-notch, and no company has reached their level of craftsmanship.
Then and today, the company made sure that the toys were resistant to flames as much as possible, could endure various wear and tear, and were made with quality materials.
Steiff Bear Identification
One of the primary ways to identify a Steiff bear is to search for the trademark ‘‘Steiff – Knopf im Ohr’’ (Button in Ear). This button is made of metal, and its early versions had an elephant print on it. The design originated from Franz Steiff in 1904 to protect Steiff’s high-quality products from imitations.
Later on, the company would imprint just the company’s name upon the metal buttons, but some particular toys bear both sigils, making them rarities.
Other than that, Steiff bears have many more features that make them unique and thus help many appraisers and specialists recognize the authentic Steiff bears, not just for their brand, age, type, and time when they circulated in the market.
Steiff bears are known for their internal structure being laid with a skeleton made of cardboard disks and metal pins that would allow the bear’s head, arms, and legs to move.
The other feature consistently seen in Steiff bears is a light blonde mohair pile (kind of wool made from Angora goat’s hair), and cotton fabric on the paws. The earliest bears were stuffed with excelsior (fine curled wood shavings used primarily for packing fragile items) and in some cases, kapok (a traditional futon filling).
To determine the age of some Steiff bears, you can check their eyes which were black shoe buttons, which would then progress quickly to brown and black glass pupil beads that became standard by 1913.
One more feature among the oldest products is that their paws had five claws, and from 1906 on, they had four per paw, which is something that everyone knows today.
As it always goes, the product’s value depends on its condition when offered for sale. Ordinary Steiff bears, especially ones produced in the post-war period from the 1950s to the 1980s, can garner you about $60, maybe a bit more if it is particularly well kept. It is also partly due to their less realistic appearance, which is characteristic of Steiff’s toys.
Some Steiff bear characteristics include their longer snout, using felt and mohair to replicate the fluffiness of a real bear, metal button in the ear, metallic skeleton, and the particular excelsior stuffing that makes a crunchy sound when hugged.
An ordinary edition Steiff teddy bear from its early years might bring you a sum ranging between $520 to $800, depending on how well preserved they are. Damaged bears (those which are missing patches of fur, the trademark button, and eyes) will go for $300 to $400 if you are lucky.
One of the main detriments when it comes to whether or not your bear will go for a higher price is the Steiff company’s trademark button. In most cases, damaged stuffed bears can be restored and thus will look better, but you can’t replace the original Steiff button.
The button can also indicate when the bear went onto the market if the date of the bear’s production is unknown. It will cause its value to drop dramatically, so be careful if you have one bear with the button intact.
The Most Valuable Steiff Bears
Over the years, Steiff has made many limited-edition teddy bears. Some of them are even custom-made for their personnel as a thank you for their years of service. Other editions might have been lost with time, raising their value by not just a notch.
Except for that, there are also products which were not warmly welcomed by the customers, such as the Hot Water Bottle teddy bear, and thus there are not many well-preserved products, which made its price skyrocket.
The most valuable Steiff bears
Hot Water Bottle Teddy Bear
Hot Water Bottle teddy bear
Hot Water Bottle Teddy Bear was supposed to be a hit in 1910 when it came out as a new product. After launching, it didn’t get a good reception from the Steiff company’s regular customers, causing it to go off the shelves. It was a thin bear with a tin can that would go with it.
It was supposed to be used as a warming bear for children during cold weather. Only a few well-preserved pieces are available, so their price skyrocketed to a fantastic amount mentioned above. The average auction value of this product is $30,000.
It first appeared in 1925, and the one sold at the auction was Paul Greenwood’s before they arrested him for fraud, and his whole teddy bear collection went to the auction venues.
One other Harlequin Bear with a different pattern was given to a woman who worked at Steiff’s for more than forty years in honor of her service and loyalty to the company. Depending on the bear’s state, it can go for approximately $72,000.
It is famous for its extravagant design. This limited-edition bear includes only 125 products in its selection, and they manufactured it in 2008 for the Steiff company’s 125th anniversary. It has diamond eyes, its nose is pure gold, and the fur of this magnificent bear contains golden threads. At the auction, it can sell for $85,000.
Happy Teddy Bear, despite its name, has quite a solemn face and darker fur, and the particular bear that went for the abovementioned price has a bright pink bow. Some bears in modern times no longer have Button in Ear but bows with the in-sewn company name. The Happy teddy mentioned here went for $129,000.
One of the oldest bears, originating from 1904, has white fur and a sturdy body because of the metal rods that can move its arms. Although older bears exist on paper, it is practically impossible to find them, so this is an excellent example of the early Steiff work. Due to its age and well-kept appearance, its final bid was $104,000.
This bear was supposed to be a set of six different colored bears in the sample production for a London-based company, Harrods, but they rejected it and it stayed in the headquarters of Steiff in Germany, waiting for its spotlight. The guesswork is that other bears did not make it past the design phase, and thus only the blue-colored bear from 1908 exists. Blue Elliot fetched a $62,000 price.
This bear has quite morbid origins. It was supposed to go on sale long before the Titanic sank, but its black fur coupled with black eyes was unappealing to the designer himself, who thought that it might scare the children.
When Titanic sank, it went immediately into production, and there 655 bears were made in 1912. This bear has red rims around its black shoe-button eyes, showing that the bear is crying for the victims of the Titanic. However, many collectors forget that more Mourning bears made their debut in 1917 and 1918. The 1912 version went for $156,000 at an auction.
Well, this teddy was an achiever. It was a gift to Colonel Bob Henderson when he was born in 1905. Afterward, it went with Henderson to WWII, survived the D-Day along with its owner, and returned home with glory. The fact that a grown man used his childhood bear as a comfort and a symbol of hope is another element that gives it value. Teddy Girl got a $140,000 offer.
People think this one came to life around 1908, and it is quite a beauty. Cinnamon-colored mohair fur with beady eyes carries a silver brooch with the name Will engraved. This indicates that it was probably a gift for someone named Will or William, or maybe the bear’s name is Will, but we will never know. The final bid resulted in $55,500.
And the grand finale, this Louis Vuitton Bear won the Guinness Record for the most expensive bear ever. Made in 2000 and sold at a charity auction in Monaco in its full glory with specially tailored clothes and luggage, it now has its spot in a teddy bear museum on Jeju Island, South Korea. It cost a total of $230,000.
The emergence and existence of the Steiff Teddy bear show through the perseverance of one woman, the founder of the Steiff company, Margarete Steiff. Although they are not her original design but her nephew’s, Richard Steiff’s, these bears gave the company a chance to develop and expand, overcoming the boundaries by shipping the orders to America.
Steiff bears, from their invention to today, hold the standard for quality in the toy-making industry. They still utilize traditional materials and proven to work manufacturing techniques to make their best-quality products.
Nowadays, stuffed bears have great importance attached to them, from it being a good present, a comfort toy, and even a friend to talk to, mainly popularized by Winnie Pooh’s appearance in the literary world. Gifting a teddy bear is said to be a blessing for a child and also a show of compassion and love.
Ignoring the obvious, teddy bears also hold great importance in a child’s emotional development, which just goes to show how stuffed toys generally can help a child go through a tough time.
Their attachment to it shows their emotional maturity, as children learn to love not just a stuffed toy that cannot talk and walk but also their surroundings, and they learn to expect the love they have given to be given to them.
As a companion, a teddy bear that sleeps beside them is a perfect doll for children to understand the world around them in simpler terms.
The Steiff company went from a small business to a large company that set the world’s standards for quality. Despite its relatively short existence, the bears it produces are valuable and scattered worldwide. Steiff bears' history and this beautiful toy's importance for the company and children are impressive.
Written by Rhys Kefechek (pen-name)
There are no pictures provided for this article, this was supposed to be her job, and a simple google image search would have done the job.