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The ''Retirement'' of a Beanie Baby signifies its end of production. Many other products and lines are discontinued, and are then often referred to as "retired." But during the time when they were popular, when a Beanie Baby was retired, it resulted in the collectible's value rising, a rush by the public to purchase those remaining of the item from a place of retail, and increased sale prices on the second-hand market. Retirements have typically been announced on Ty's website via a ''newsflash.'' The newsflashes have generally announced that a beanie baby or a list thereof has just retired or is soon to retire. Some retirements have been anticipated by the public; others came with no warning. The most significant retirement of all came late in 1999, when Ty announced that at the end of the year, all Beanie Babies would retire. This kept the public wondering whether or not more beanie babies would be introduced At the end of the year, the public was given the opportunity to vote to determine if beanies should continue to be produced [http://select.nytimes.com/gst/abstract.html?res=FA0E11FF3B5D0C768EDDAB0994D1494D81 . There was a 50ยข fee to vote in order to prevent multiple votes by one person. Procedes were donated to the Elizabeth Glaser Pediatric AIDS Foundation [http://www.pedaids.org/]. About 90% of voters voted for Beanie Babies to continue, and more were introduced early in 2000. Since the popularity of Beanie Babies has declined in the 2000s, their retirement has not dramatically increased their value on the secondary market, and many authorized Ty retailers continue to carry beanie babies that have been retired. PRINCESS THE BEAR Princess the Bear was a Beanie Baby Bear that was made in the memory of the late Princess Diana , who was killed on August 31 , 1997 . Ty, Inc. announced the release of the collectible on October 29 1997 Its purpose was to raise money for Diana's favorite charities. Originally, only 12 units were shipped to each authorized Ty retailer [http://nl.newsbank.com/nl-search/we/Archives?p_product=AASB&p_theme=aasb&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EA05B963B688E73&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM . At this time, these were purchased quickly and sold on the second-hand market for hundreds of dollars a piece [http://www.highbeam.com/doc/1G1-62621115.html]. But within months, they were shipped en masse, the market became flooded with them, and they were easy to find at retail prices. The ''Princess'' beanie baby was retired on April 13 1999 , and shortly thereafter, a Princess Beanie Buddy was announced. |
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