40-year Old Articuted wholesale Teddy Bear

Product Name: 40-year Old Articuted wholesale Teddy Bear
wholesale Spotless and never used. This bear is at least 40 years old, but possibly older, like 50 years. There is no brand tag. He's about 13.5” tall. My grandparents were quite wealthy and they didn't purchase inexpensive gifts. They lived in Westchester County, NY, near where I was born. This bear is likely made in the US. The fur is spotless. No flaws. Only issue is that he is missing an eye. His arms and legs do a 360 circle as if they are made from butter. No mechanical feel whatsoever. I've stored this bear in the breathable bag shown in the photo. I'm trying to get this appraised and will update price when I know for sure.