Beanie babies are an extremely popular line of kid’s toys. The Beanie Baby collection was launched for the very first time in late 1993 by Ty Warner Industries. By 1995 Beanie Babies became one of the most popular brand of toy collectibles. Some of the most memorable Beanie Baby toys include Garcia the bear, Princess the bear and Tabasco the bull. Beanie baby collectors have spent thousands of dollars to acquire rare editions of these delightful toys. The top spot for the most expensive Beanie Baby goes to ‘Peanut’ the royal blue elephant, which was sold to a private toy collector for 4500 dollars. To know more about the most expensive Beanie Baby toys in the world, click on the link that is mentioned below.