Thursday, October 14, 2010

$1.7 Million of Teddy Bears Sold

Christie's just auctioned off over $1.7 million worth of collectible teddy bears, the largest sale of teddy bear toys ever, formerly owned by hedge fund manager Paul Greenwood, who admitted to embezzling $900 million from investors. The highest priced lot was a Harlequin bear from the 1920's, which was hammered at $74,000. All the bears were made by Steiff of Germany.

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