The Great Beanie Baby Bubble
Mass Delusion and the Dark Side of Cute
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Narrado por:
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P.J. Ochlan
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De:
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Zac Bissonnette
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.
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—The Wall Street Journal
“Thanks to Bissonnette’s balanced and thorough reporting, the account of Ty Warner, founder of the Babies, becomes a portrait of a creator obsessed with perfection, making money in a business he loved, in a company built on his dreams.”
—Booklist
“Bissonnette offers a crisp, investigative and presumably unauthorized biography of creator Ty Warner, 70, and a look at the rise of Beanie Babies and their swiftly ensuing three-year consumer craze... A spicy portrait of a taciturn toy magnate made entertaining with sensationalistic testimonial.”
—Kirkus Reviews
“Equally heartwarming and heartbreaking, this accessible work will captivate.”
—Library Journal, Starred review
“Bissonnette (Debt-Free U) does a masterful job of tracing the rise and fall of the Beanie Baby phenomenon of the 1990s . . . This cautionary tale of elevated consumerism, with collectors fretting over what they didn’t have rather than taking pleasure in what they did, serves as a useful history lesson for today, told with wit and subtlety.”
—Publishers Weekly
“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
“In spare, elegant prose, Zac Bissonnette tells the riveting story of how Ty Warner ruthlessly built Beanie Babies into a mania as misguided and regrettable as the 1637 Dutch tulip craze and
mortgage-backed securities in 2008. You won’t be able to put this book down.”
—WILLIAM D. COHAN, author of Money and Power
“The amazing story of the time the world lost its mind over little beanbag critters named Punchers, Humphrey, and Wingless Quackers. Zac Bissonnette takes us on a journey into the secretive world of the man behind the mania, Ty Warner.”
—BILL DEDMAN, coauthor of the bestselling biography Empty Mansions
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What did you like best about this story?
Great story about the persistence in following your passion (Ty Warner) and the downfall of his company lead by greed. However this is not your standard cautionary tale. The craze that swept the nation over little stuffed animals in mind boggling. The craze also coincided with the beginning of mainstream Internet and Ebay which makes the story even more compelling.Was this a book you wanted to listen to all in one sitting?
I could not stop listening to this book. The Great Beanie Baby Bubble has all 3 attributes I look for in an audiobook - Great story/ well written / excellent narratorAny additional comments?
Take a chance on this one. It's worth it.Very interesting story!
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Would you recommend this audiobook to a friend? If so, why?
I would, it's a compelling story and strangely gripping.What did you like best about this story?
The intensely gripping narrative, and the message it sends, if you are involved in a craze, if it's for tulips or beanie babies cash out asap? There is a reason they say "take the money and run"Did you have an extreme reaction to this book? Did it make you laugh or cry?
No, but it was very interesting.Any additional comments?
After reading this story I of course checked out beanie babies on eBay and was shocked to find they are still being sold for prices of up $60. I think it's important to point out that there is still a market out there though it maybe very reduced ? I didn't look very hard to find out how common it was.A compelling narrative of an Economic Bubble
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Loved it!
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Loved it so much I bought the book so I could quietly read it in bed
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Where does The Great Beanie Baby Bubble rank among all the audiobooks you’ve listened to so far?
It is in the lower half of my favourites, but the story is so different and dark I kept listeningWhat three words best describe P.J. Ochlan’s voice?
Robotic, monotone, suitableIf you were to make a film of this book, what would the tag line be?
Dark story, sad lifeAny additional comments?
Ty Warner's life is so sad and there is no redemption. Even going through the book, I knew there would be no happy endings for anyone. The narrator's voice was sort of Stephen Hawking like. But given the material, it seemed to fit the materialDark story, sad life
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