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i was working part-time at a small gift shop when the beanie baby craze was going on around '98 or so
you should have seen the way that the ladies would look for particular ones and the prices that they would pay...it was amazing, we were selling the rarer ones for $100 each and over?one person paid $800 for a "Princess" beanie baby
i took a few boxes to a beanie baby show once on a weekend and the competition was cutthroat, there were beanie baby dealers selling them at the marked up prices (which they had originally bought/traded from other dealers). We had gotten ours directly from the manufacture, so they cost us around $3 wholesale
I was told to get rid of all of the ones in the boxes, we found out the general prices for each one, and marked ours down a bit below the lowest price; we got rid of all of them by the end of the day, the other dealers were complaining to the coordinator about us, and that we should not sell them for such a low price, and a few came over and yelled at me
It was a very interesting day
...then the bottom fell out
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