The Trend Report: Stocking Stuffer

Courtesy Neiman Marcus

German toy company Steiff has been making its iconic teddy bear since its première at the Leipzig Toy Fair in 1903. More than a century later, Steiff is still revered as the Rolls-Royce of the industry, and the bears are just as likely to be found on collectors’ shelves as in the arms of children—new versions sell for about $50 to $250, while antiques can fetch as much as $176,000. This year the celebrated plaything gets a stylish makeover from another German synonymous with luxury and craftsmanship: Karl Lagerfeld. The limited-edition bear features Steiff’s signature gold button in the ear, jointed limbs, and plush exterior. From the jet-black shades and high white collar to the dark lacquered jeans and leather boots (not to mention the “KL” belt buckle encrusted with Swarovski crystals), the outfit is unmistakably Lagerfeld. So did the designer own a Steiff teddy bear when he was a child? “I had one, without a doubt,” he says. “Which only lasted for a while. You know, I did not stay a child for a long time.” $1,500;