by William White | July 26, 2013 3:22 pm
Beanie Babies were all the craze in the mid to late 90’s, and one family made a big bet on the stuffed animals.
The Robinsons of Los Angeles, invested $100,000 into the small animals filled with plastic beads. The Robinsons were hoping that they could sell the toys years later to put their three sons through college. Unfortunately for the Robinsons, the Beanie Babies market crashed in 1999, and they were out all that money.
Chris Robinson, whose father started collecting the toys, has made a short documentary called Bankrupt by Beanies. The video shows boxes filled with the stuffed animals, and has interviews with members of the family concerning the ordeal, reports Daily Finance.
Click here to watch the documentary Bankrupt by Beanies.
Source URL: http://investorplace.com/2013/07/family-goes-bankrupt-after-investing-100k-in-beanie-babies/
Short URL: http://invstplc.com/1nyferV
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.