Thank you for contacting Mearto with your appraisal inquiry.

It is a cute teddybear. Such soft toys are being offered at auction on a regular basis.
The teddy bear was made by the German Steiff company that has produced soft toys since the late 1800s. Based on the description of the label/tag the teddybear was made in 2020. It is a lovely teddybear with all the wellknown and loved characteristics of a Steiff teddybear however pricewise it is not as expensive as the vintage and antique teddybears.
In this case I doubt that the value of the teddybear will be higher than the original retail price despite the bears good condition.

The estimate provided is for a well-advertised specialised online toys auction, where I believe the teddybear has the best chance of realising its fullest potential. However, there is no measurement for the sentimental value you might attach to the Steiff teddybear. 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