Stunning Rare Labubu Fetches Over $150,000 at Auction – Here’s What You Need to Know!

A rare Labubu figure just sold for over $150,000 at a Beijing auction. This 51-inch tall, mint-green toy captured the attention of collectors and fans alike, showcasing the growing trend of collectible plush toys.

Labubus, designed by Hong Kong artist Kasing Lung and sold by Pop Mart, have taken the toy market by storm. These quirky, bunny-bodied figures combine cute and grotesque elements, drawing a diverse fan base. Recently, the demand for Labubus has skyrocketed, leading to frenzied rushes at stores and even some altercations among eager buyers.

Despite their popularity in China, where Pop Mart is based, many fans struggle to find these toys. At the auction, a total of 48 Labubu figures were sold, with one brown version going for over $114,000. This specific figure is among just 15 in the world.

The founder of Yongle Auction, Zhao Xu, noted that Labubus have evolved from a trendy toy into a global phenomenon. He emphasized the increasing appeal and value of these collectibles. To keep up with the demand, his auction house plans to hold monthly livestream auctions.

Interestingly, the resale market reflects high demand, with some Labubus selling for significantly more than their original prices. For example, a blind box from Labubu’s latest series, initially priced around $81, has been reported selling for up to $278. This inflation highlights the toy’s rarity and desirability.

Recent statistics reveal Pop Mart’s impressive growth, with a 125% jump in global profit last year and revenue in mainland China hitting over $1.09 billion, a 34% increase from the previous year.

With ongoing trends and social media buzz surrounding Labubus, they seem poised to remain a hot commodity for collectors worldwide. As they continue to attract attention, it’s clear that Labubus are more than just toys—they’re a cultural sensation.



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