Pareglio & Ayres Antiques Interiors has dated this piece to the 1920s.

The Teddy we believe was made by Hermann, Germany before 1931. The well loved bear is the open-mouthed model with mohair fur and is fully articulated also with a hump on the back.
The bear belonged to the girl which is on the right side of the photograph. The story is displayed on the cardboard note which the bear is showing and it is a very moving child’s memory from the London Blitz in WWII.
Sold together as they shouldn’t really be separated.
Pareglio & Ayres Antiques Interiors has dated this piece to the 1920s.
Specialists in english and italian antiques
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