CORAL GABLES (CBSMiami) – A newly opened Coral Gables eatery is looking for the person who stole a pricey, giant red teddy bear which was being auctioned off for charity.

The Gramercy, located in the old Tarpon Bend location on Miracle Mile, released surveillance video of the crook from Thursday night, which shows him red-handed, grabbing the red teddy bear perched outside the restaurant.

READ MORE: Colonial Pipeline returns to 'normal operations' after restart

Image from surveillance video showing a man stealing a jumbo red teddy bear being auctioned off for charity from outside the Gramercy on Miracle Mile in Coral Gables on April 22, 2021. (Source: The Gramercy)

The jumbo-sized teddy was one of several being auctioned off for $500 a piece as part of their “Bears in Chairs” promotion benefitting The Lotus House, which helps improve lives of women and kids experiencing homelessness.

READ MORE: Florida Woman Sentenced To 15 Years In Federal Prison For Wire Fraud

Jumbo red teddy bears being auctioned off for charity outside the Gramercy restaurant on Miracle Mile in Coral Gables. (Source: The Gramercy)

The Gramercy has raised already raised several thousand dollars by auctioning off the bears which are seated outside the business. They also made a great photo op for many patrons.

Now, only one bear remains.

MORE NEWS: Disney World changes mask requirements for guests

The Gramercy is offering a $500 reward for information that leads to the arrest of the suspect. Anyone with information can call (305) 442-1600 or Crime Stoppers at (305) 471-TIPS (8477).