Paul Barretta, President of Talent Clearing House, stated, Whether artists are paid based on traditional royalty structure or one tied to profitability of releases, administration can pose quite a burden.
This may have been quite a bargain, as the most expensive beanie baby has been valued at a possible $5,000. Most recently, Ty Inc. announced Beanie Babies 2.0, combining successful elements of the original Beanie Babies and the more recent Ty Girlz dolls.
Leah Rogers and Ryan Flanaghan (pictured together left) picked up a rare purple Beanie Baby for Â£10 at a car boot sale in Bude, Cornwall - and later found out it was worth Â£62,500. The bear turned out to be one of just 100 made around the world, made in December 1997 for the Princess of Wales Memorial Trust.