Picasso? Don’t know him. Rolex? Doesn’t matter. The hottest article on the collector’s market is currently a mischievous, sharp -toothed, greenlin -like little girl named Labububu. And yes, someone has just paid $ 150,000 for you.
This is not a typo. As reported by CNN, a recent auction in Beijing was sold a first generation of coin green labia of the first generation with a whopping 131 centimeters (that is more than four feet!) For 1.08 million Yuan or about $ 150,325.
Let us pause for the effect: $ 150,000. For a toy figure with a devilish grin and rabbit ears. If you were not convinced now, Labubu is an icon, a legend – and it is the moment.
The cult and the community of Labubu
What makes this $ 150,000 Labubu so special?
This was not your everyday Labubu Plüsch keybund from Pop Mart (which is usually available between 27.99 and 39.99 US dollars). This labubu figure was the only one of its kind that was auctioned in the prestigious Yongle International Auction House, which normally deals with fine jewelry and modern art. When the auctioneer hit the hammer and congratulated the anonymous online bidder, it was not just a victory. It was a moment in the history of the collective toys.
The Miny mixed fief manufacturer stood up like a playful art statue and was not alone. The auction consisted of 48 rare laboratory, including a 160 cm brown version with cool 114,000 US dollars. There are only 15 of them, but even that could not exceed the stunning price of the green figure.
Mashabar trend report
Why do people pay Range Rover money for a labubu?
Many thanks to the global labubu madness.
Labubu was created by the Hong Kong Illustrator Kasing Lung and Mass Production of Chinese Toy Powerhouse Pop Mart and is not an average cuddly toy. It is part of art, part of false charm, partial collector of gold mine. Consider it as the love child of a Nordic folklore creature and a Tikok star with a resale value that is much higher than the price. It is not unusual that people pay a double or triple retail price for a labubu keybund, and waste in limited edition and cooperation can decide hundreds of dollars on websites like Stockx.
Tooth, trendy and now $ 150,000.
Credit: VCG/VCG via Getty Images
The demand is there. Pop Mart Stores regularly see long lines and sold-out publications for labubu drops. Blind boxes in which you do not know which character you get you are immediately picked up and 28 dollars are freaked out online for over 270 US dollars. Labubu is not just trendy – it is a pop culture phenomenon.
Celebrities like Blackpinks Lisa, Rihanna, Dua Lipa and even basketball star Dillon Brooks have cut labels with their handbags and belt loops. Labubu is the most playful accessory of fashion, a dental vehicle for self -expression and the ultimate symbol of consumer culture.
As Entertainment Scroll previously reports, Pop Mart is booming. “Labubu is currently the best-selling IP in the USA and one of the strongest worldwide,” said Emily Brough, head of the IP licensing of POP Mart for America. In 2024 alone, Labubu generated more than 419 million US dollars and exceeded all other IPs in the company’s catalog. The company’s turnover in China alone reached 1.09 billion US dollars, which corresponds to an increase of 34 percent compared to the previous year, reports CNN. The pop-mart profit rose by 125 percent worldwide, which was largely powered by Labubu-Mania.
