Bag a Furby online
Frantic gift hunters can use the Internet to bag their fuzzy, talkative quarry
November 17, 1998: 5:26 p.m. ET
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Portfolio manager NEW YORK (CNNfn) - For many parents, grandparents and other gift-givers, the holiday shopping season is known by another name -- hunting season. And increasingly, those hunters are looking for hard-to-find gifts online. Each year, they head out looking to bag the toy of the moment. No hunting license is required, but patience and a willingness to open up their wallets is imperative. Tickle Me Elmo was hunted to extinction during the 1996 holiday season. Elmo's giggling and uncontrollable shaking was particularly unsuited for survival and he was easily spotted by keen-eyed shoppers. The fate of Sing 'n Snore Ernie, last year's much-sought toy, was similar. While the soporific songster managed to avoid outright extinction during the holiday season, he was at the very least endangered. On the trail of Furby
This year's fur-bearing quarry is Furby. If you've ever seen the movie "Gremlins" you've seen what a Furby looks like. Now combine that with a tamagocchi, an electronic "animal" which must be fed and played with on a regular basis (and which has also been the prey of determined shoppers in years past). Smaller, more elusive and more varied than many other gift species, the Furby attracted attention after a series of high-profile sightings of the beast. In September, Wired magazine named it the "must-have" Christmas toy for 1998. When it was officially launched in October, its manufacturer, Tiger Electronics, launched an all-out morning television blitz along with a press event at New York's preeminent toy store, FAO Schwartz.
Soon afterwards, gift-seekers took to the main habitat of Furby -- the local toy stores -- and soon there were none to be found. However, a new breed of hunter not content to settle for disappointing their children on Christmas morning with mere Legos or Barbies, has chosen to go on an online safari to bag a Furby. The move was an obvious one for these Internet users. About 54 percent of Internet users made a purchase online during the past year, according to the National Retail Federation. Additionally, about 30 percent of those on the Web will be buying holiday gifts online, spending an average of about $270, the retail trade group said. Those online buyers could eat up a nice chunk of that $270 with the purchase of a Furby. Even though the toys retail for about $30, a lucrative secondary market has sprung up to assist parents in bringing in a Furby. Now taking bids
You'll begin your hunt slowly, then spread out over the Internet scouring places where Furby has been known to hide. For those who are not faint of heart, you can check out online auction houses such as eBay. Simply put, these sites allow you to bid for toys you may not be able to find in a store, whether it be a particular Furby, Beanie Baby or other toy. Don't expect to find a Furby for $30, though. a Furby can come in all kinds of colors and even the most mundane ones are usually bid up to at least $60, with some of the more rare ones leaping into the $200 range. The market for Beanie Babies is somewhat more tame. Many online auction offerings of Beanie Babies fall into the $6-8 range with the more expensive ones only reaching to about $20. Chat groups offer you another option for getting those hard-to-find toys. These groups, such as Beanie Babies and Tamagotchi Trading Chat Room allow you to exchange information in real time with other toy seekers who may be able to give you advice as to what online stores or other places may have your hard-to-find toy for sale. If you just want to leave your success up to fate you can participate in a Web Furby giveway. Bangkok.com is giving away three Furbys through December. Newsgroups can be another effective way of tracking Furby's movements. A quick check of the newsgroup devoted to finding a Furby, alt.toys.furby finds frantic parents scurrying around for the elusive Furby. "I have four children and each of them want a Furby!" posted one parent. Most of the people on the newsgroup seem to have tried the usual online methods. One website in particular, Wal-Mart.com, has received the bulk of online buyer interest. Daily, Furby newsgroup aficionados post messages updating each other on the progress of Furby availability on Wal-Mart.com. Almost as soon as someone says Wal-Mart is accepting orders, another posts that they have now run out. It can be tough on parents like Jayne, a Staten Island mother desperately seeking a Furby. However, she is determined to sit tight and not pay more than the $29.95 retail price. "I can wait until after the holidays, if necessary," she said. "My kids are older. They'll understand." Other parents are not so patient, and that's where people like Jason Stark step in. Stark is also a frequent visitor to the Furby newsgroup, but he's on the supply side. Recently he's been hawking Furby on the newsgroup but this isn't his first stab at capitalism. "Every year I try to figure what toys will be the hot sellers and from that point I buy as many as I can when I can," said Stark. "I also buy Barbie and this year Tonka's Chuck the Truck is also hot." Stark is an unabashed capitalist and has little patience for those parents who cry foul over someone trying to make a buck as a middleman. "The people that criticize you for selling products over the Internet are apparently not advocates of the free market system," he said. "You can't blame me for selling Furby over the Net. I can only get what people are willing to pay. I have to work hard to get these toys and that is what the people are paying such high prices for." Even those who buy toys and sell them again at a profit online usually get their start using the tried and true methods. Stark said he did research on what stores may be likely to have them and on what date they might be available. Often this requires getting an early start. Those who resell their toys often start months ahead of Christmas gathering information. Often, they try to establish a rapport with the toy manager or, at the very least, the people who stock the shelves at stores. Additionally, you'll need to do some legwork. Often, stores will stock their shelves at different rates. For instance, a Wal-Mart might stock every two weeks, a Kmart only once a month. Once you establish a pattern, you'll know what dates to check back on in order to be there first and have the best chance to snatch a particularly scarce item. These tactics require a lot of time on your part and it might make it seem like paying a little extra to avoid this might be worth it. But even if you do choose to do all of your hunting online it won't be easy and you'll have to be diligent. However, you can end up victorious. After much searching, tracking and waiting, our fearless hunter Jayne recently emerged from the Internet forest happily carrying a Furby she had bagged on the Wal-Mart site. -- by staff writer Randall J. Schultz |