13 Dec 2017
December 13, 2014 - Filed under: Antique Toys — Harriet

A number of antique teddy bears have recently sold at auction in Berkshire.

Many of the 95 bears are said to still be in excellent condition, with more than 30 being made by the renowned company Steiff.

The auction was held by Special Auction Services in Newbury, with an estimate given to their owner, Jena Pang, by the auctioneers of between £80,000 and £100,000. The collection actually went for £95,827, although seven lots remained unsold following the auction.

Pang had started collecting antique teddy bears 12 years earlier, but had to sell his prized ‘hug’ due to a planned relocation to Hong Kong. Pang, who is a violinist and pianist, was happy with the results of the auction, although claimed that he was a little sad to see them go, as they had formed a large part of his life.

According to Daniel Agnew from Special Auction Services, the antique bears were all in good condition and over a century old, with some looking as though they had been recently made. One of the bears sold for £8,260, making it the star of the auction.

Pang’s main interest was bears produced between 1904 and 1930 by Steiff. The auction would have attracted a lot of attention from other collectors, as Pang had become a familiar face over the years.

The buyers of the bears may decide to display them in a suitable setting, perhaps arranged in an antique cabinet so that they can be admired by visitors.

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