Thank you for contacting Mearto with your appraisal inquiry.

It is a cute teddy bear.
Your teddy was not made by the German brand Steiff but by the American brand TY named after the founder Ty Warner. The company was founded in 1986 and is one of the largest manufacturers in the world of stuffed plush toys.

Your teddy is very cute and in good condition however it has not yet turned into a collectors item due to its age and the fact that the company is mass producing teddys like yours.
It may still be possible to sell the teddy however the price indicates that it is not an antique teddy bear and has not yet become a collectors item.

The estimate provided is for a well-advertised specialised online toys auction, where I believe the teddy has the best chance of realising its fullest potential. However, there is no measurement for the sentimental value you might attach to the Ty teddy bear. Retail "asking prices" can be higher and vary.

Please let me know if you have any additional questions. I’m happy to help.
Thank you