The Great Beanie Baby Bubble
Read by
P. J. Ochlan
Release:
03/03/2015
Runtime:
8h 36m
Quantity:
“The spectacular story of the strangest speculative bubble there ever was and the man behind it. A must-read for anyone looking to understand how manias start and markets go insane.”
Liaquat Ahamed, Pulitzer Prize–winning author of Lords of Finance
A bestselling journalist delivers the never-before-told story of the plush animal craze that became the tulip mania of the 1990s
In the annals of consumer crazes, nothing compares to Beanie Babies. In just three years, collectors who saw the toys as a means of speculation made creator Ty Warner, an eccentric college dropout, a billionaire—without advertising or big-box distribution. Beanie Babies were ten percent of eBay’s sales in its early days, with an average selling price of $30—six times the retail price. At the peak of the bubble in 1999, Warner reported a personal income of $662 million—more than Hasbro and Mattel combined.
The end of the craze was swift and devastating, with “rare” Beanie Babies deemed worthless as quickly as they’d once been deemed priceless.
Bissonnette draws on hundreds of interviews (including a visit to a man who lives with his 40,000 Ty products and an in-prison interview with a guy who killed a coworker over a Beanie Baby debt) for the first book on the strangest speculative mania of all time.
In the annals of consumer crazes, nothing compares to Beanie Babies. In just three years, collectors who saw the toys as a means of speculation made creator Ty Warner, an eccentric college dropout, a billionaire—without advertising or big-box distribution. Beanie Babies were ten percent of eBay’s sales in its early days, with an average selling price of $30—six times the retail price. At the peak of the bubble in 1999, Warner reported a personal income of $662 million—more than Hasbro and Mattel combined.
The end of the craze was swift and devastating, with “rare” Beanie Babies deemed worthless as quickly as they’d once been deemed priceless.
Bissonnette draws on hundreds of interviews (including a visit to a man who lives with his 40,000 Ty products and an in-prison interview with a guy who killed a coworker over a Beanie Baby debt) for the first book on the strangest speculative mania of all time.
Release:
2015-03-03
Runtime:
8h 36m
Format:
audio
Weight:
0.0 lb
Language:
English
ISBN:
9780698180161
Praise