Watching Steiff Record Making History In Person!

Stop the presses! Steiff history has been made again! Check out this article that Steiffgal prepared for the online news source Auction Daily detailing the sale of Mrs. Wiley's all but perfect 1912 black mohair Steiff Titanic Bear! He is pictured here on the left, and the photo is from Ladenburger Spielzeugauktion GmbH. Here is the story in its entirety - it was originally published on July 23, 2023. Thank you to Auction Daily for allowing Steiffgal to share this fantastic news!

On July 1st, 2023, the auction house Ladenburger Spielzeugauktion GmbH of Ladenburg, Germany presented their Special Steiff Auction in Giengen, Germany - the home of the Margarete Steiff GmbH factory. The Steiff Company is best known for designing and producing the fully jointed Teddy bear as we know him today starting in 1902. This signature, annual sale is traditionally held during the Steiff Company's "Steiff Sommer" event, a three day long family-centric fair that includes carnival rides, a petting zoo, food and souvenir vendors, and button-in-ear activities. This year, the auction included the second half of the Susan Kilgore Wiley collection, an outstanding collection of Steiff prewar bears, animals, novelties, and absolute rarities. The first half of this collection was sold in January, 2023 and realized over $475,000.

The highlight of this midsummer sale was lot #82, an extraordinarily rare, fully jointed 50 cm black mohair Steiff Titanic Mourning Bear. This bear was the pride and joy of Mrs. Wiley's collection and was accompanied by photos and ephemera related to it. (As a matter of fact, she named her car's license plate after him as well... as you can see on the photo on the left!) She bought the bear at Sotheby’s in London in 1990 for over $40,000; that purchase made international collecting headlines at the time. Since 2000, original antique Steiff Titanic Mourning Bears have rarely come up for auction. When they do, they usually trade hands in about the $20,000-40,000 range. Mrs. Wiley's Titanic Mourning Bear had a starting bid of 4,500 euro, but there was talk the Steiff collecting community that the bear could easily realize six figure, it was so outstanding. They were right - sort of. 

There was great anticipation in the gallery as lot #82 came up for sale. The auction house noted that this bear had five international bidders competing for the bear on telephone lines. However, the winning bidder was live in the audience! This is somewhat unusual in the auction world with sales of this magnitude. Auctioneer Pia Fast Seidel was at the podium and skillfully managed the blizzard of bids and interest in this once-in-a-lifetime lot. Mrs. Wiley's Titanic Mourning Bear would go on to hammer at 180,000 euro or $202,020, and realize $250,505. 

You can watch this sale on YouTube as it happened live by clicking here or watching the embedded video below.

So how does this rank in terms of record sale prices for antique Teddy bears? The most expensive Teddy bear of antique origins to date was a Steiff bear owned by Colonel Bob Henderson named Teddy Girl. She was sold by Christie's in London for £110,000 ($171,600) on December 5th, 1994. However, Mrs. Wiley's Teddy bear traded hands at over a quarter million dollars - breaking this previous high mark by over $78,000! 

There are many factors that made this 1912 Steiff Titanic Mourning Bear so incredibly special. These included a perfect storm of history, rarity, condition, and being at the right place at the right time. It is also possible that the recent spike in interest in all things Titanic, because of the headline making submarine disaster, also further cast the spotlight on Mrs. Wiley's extraordinary bear on offer. (Here on the left you can see Steiffgal in the Steiff museum gallery with Mrs. Wiley's Titanic bear, along with her google-eyed Petsy. These two cubs were the stars of the show for sure!)

There are many factors that made this 1912 Steiff Titanic Mourning Bear so incredibly special. These included a perfect storm of history, rarity, condition, and being at the right place at the right time. It is also possible that the recent spike in interest in all things Titanic, because of the headline making submarine disaster, also further cast the spotlight on Mrs. Wiley's extraordinary bear on offer.

In terms of the bear's place in history, Steiff's Titanic Mourning Bears are tied to one of the most significant worldwide events of the 20th century. In the early 1900s, Steiff produced a number of all black mohair bears for the general marketplace. However, these did not sell very well and the thought at the time was that they were scary for children. So the company stopped making them. Then, in 1912, the Titanic disaster struck. At that time, nearly everyone in England was personally touched by this event, or had a friend or relative who was. The entire country was in shock and mourning. In response, Steiff produced a handful of all black mohair bears with red felt behind their eyes - to indicate sadness and crying - for the English market. (Here on this picture on the left you can see members of Mrs. Wiley's family and Steiffgal talking to a photographer sent from the Washington Post to cover this sale. As you can see, this very special bear caught the eye of collectors on nearly every continent!)

This black bear also was in breathtaking shape with a very special feature. It retained its Steiff button and featured the company's most desirable "center seam" face construction. In the early 1900's, every seventh bear that Steiff made had a seam down the center of its face to make the most efficient use of the mohair fabric used to create them. The dimensions of the fabric supplied at the time were such that the Steiff could manufacture six full heads from it, but there was some remaining material from this cutting process. As such, Steiff found a way to "patch" these remainders into another head and as such not waste any fabric. This was the first center seamed black mohair Titanic Mourning Bear to come to public auction, as far as this author could unearth. (Here on this picture on the left you can see Mrs. Wiley's bear enjoying some time in her garden. The sunlight on his face makes his center seam especially prominent!)

Steiffgal hopes you've enjoyed witnessing a breathtaking and probably once in a lifetime bit of Steiff history!

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