Harry Potter's faithful house elf Dobby joins the Steiff family as a Warner Brothers/Wizarding World licensed product.
At the beginning of the second volume of Harry Potter and the Chamber of Secrets', Dobby is still in the service of the Malfoys, who treat him cruelly. Harry Potter tricks Lucius Malfoy into giving Dobby a sock, which sets him free.
Based on this story, the 26cm tall house elf is holding a blue sock in his hand. The weighted body gives this reliable friend a stable hold - real elf magic!