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I Should Have Bought Punch’s Ikea Monkey When I Had the Chance

I Should Have Bought Punch’s Ikea Monkey When I Had the Chance
Punch’s viral fame fueled a sellout of his comfort orangutan.
Scarcity fuels the frenzy
It was the second time in one month that I felt like I missed out on a cultural (albeit, consumerist) moment fueled by social media virality. At the opening of the Winter Olympics earlier this month, Team Poland debuted its unofficial mascot — a pierog plushie. (Note: Pierog is singular. Pierogi is plural.) Demand quickly surged for the “Pieroguszki.” Fans found its origin at Luft, a shop in Katowice, Poland that runs classes teaching people with disabilities how to make the plushies. Sure enough, it sold out there — although Snoop Dogg managed to snag one. (Photo by Matthew Stockman/Getty Images) The pierog also sold out at Pierozek, a Polish restaurant in Brooklyn, N.Y. that happens to be just a few train stops away from me. I missed that opportunity, too, but I signed up for the waitlist. (Look, anyone who knows me knows I love pierogi.) As with any viral toy sell-out, rival companies know a cash grab when they see it, and quickly put out their own versions. There’s a Temu orangutan available for around $12. Another lookalike sells for $30 on eBay. Similar pierogi to the Olympic sensation are sold at Walmart and Amazon for $22.99. And in an interview with CBS, Pierozek warned consumers of a $16.99 knock-off that was advertised using photos taken in its restaurant. The scarcity effect of a sold-out toy can quickly give rise to a more exploitative resale market. Ikea orangutan plushies are being listed on eBay for up to $350, and some have sold for $100 or more. » Stay informed: Stay informed: Check out NerdWallet's news hub for all the latest. Subscribe to one of NerdWallet's free newsletters.Viral plushies repeat a familiar formula
It’s not clear how long either fad will last — the Olympics are now over and let’s face it, Punch is only going to get less adorable with age. Viral products follow a predictable pattern. Last summer, PopMart’s $30 Labubu creatures had their moment in the sun as tennis player Naomi Osaka showed off her $495 custom, crystal-clad Labubus during the U.S. Open. A rare mint-green Labubu sold at auction for a record-breaking $150,000. On resale markets, the most rare Labubus have gone for tens of thousands of dollars. (Photo by Sarah Stier/Getty Images) Another viral plushie brand, Jellycats, still sells out certain releases. But like Labubus, Jellycats don’t dominate the online toy discourse the way they once did. Or maybe it’s just that my feed is dominated by videos of Punch, who’s to say?Go beyond the resale frenzy
There are ways to channel your Punch love into meaningful action that helps macaques and other monkeys. For example, you could consider supporting reputable primate welfare groups that fund rescue and longer sanctuary care. These may include Save the Chimps, International Primate Protection League or the Pan African Sanctuary Alliance. You can also symbolically “adopt” a monkey through Born Free USA or Wild Futures. And if you really want a plushie, sponsoring an animal — like an orangutan — through the World Wildlife Fund comes with a matching stuffed animal for about $60.Know when to let it go
There’s nothing wrong with indulging in something silly and of-the-moment every once in a while (have I mentioned, I’m on that pierog waitlist). But psychological desperation can push some consumers to do things they might not normally do — like spend far more than they should on a stuffed animal. (Two words: Beanie Babies.) If you’re considering spending double, triple and many times more than the cost of the original product, then maybe it’s time to let it go. Even Punch is starting to leave his orangutan lying around more often as he integrates with the troop. He’s made friends with older macaques who can protect him more durably than his stuffed monkey mom can.Meet MoneyNerd, your weekly news decoder
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Explore more on About the author Helhoski Anna Helhoski is a senior writer covering economic news and trends in consumer finance at NerdWallet. She is an on-air contributor and producer of Money News segments for NerdWallet's Smart Money podcast. She is also an authority on student loans. She joined NerdWallet in 2014. Her work has been syndicated in news outlets nationwide including The Associated Press, The New York Times, The Washington Post, The Los Angeles Times and USA Today. She previously covered local news in the New York metro area for the Daily Voice and New York state politics for The Legislative Gazette. She holds a bachelor's degree in journalism from Purchase College, State University of New York. Published in Average Monthly Expenses by Category 6 of the Best Cash-Back Apps Savings Goal Calculator 9 Browser Extensions for Easily Finding Coupons 13 Ways to Find the Best Deals Online By Lauren Schwahn, Elizabeth Ayoola 28 Proven Ways to Save Money By Tommy Tindall, Amanda Barroso, Elizabeth Ayoola 13 Ways to Get Free Stuff By Lauren Schwahn, Amanda Barroso, Lisa Mulka Frugal Living Comprehensive Guide: 30+ Ways to Find Serious Savings By Kelsey Sheehy, Hal M. Bundrick, CFP®