This is a Steiff Teddy Clown Bear, produced as a replica of Steiff’s 1926 clown bear design and released as a limited-edition collector piece.
This example is number 1755 of 10,000 worldwide. While the serial number is not especially low, the bear remains a complete, well-preserved example, including the original box and Certificate of Authenticity.
A nice addition for Steiff collectors who appreciate historically accurate replicas, classic clown styling, and traditional German mohair craftsmanship.