Labubu, the auction
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The Labubu craze has seen recent fights in POP MART stores; 235,984 mentions online; celebs like Dua Lipa, Rihanna and LISA sporting the bag-charm; and now a million yuan sale for a life-sized doll
The Labubu craze heated up as a rare human-sized first-generation figure fetched a record-breaking amount at a Beijing auction.According to CNN, Labubu has taken the world by storm, and people have gone crazy about it.
Can a Labubu cost more than a diamond ring? Check out the hefty price tags of the most expensive Labubu dolls ever sold to compare.
A human-sized Labubu doll fetched a whopping 1.08 million yuan or US$150,000 (RM635,600) at an auction in Beijing, in a testament to the popularity of the collectible toy flaunted by celebrities.
The 14 limited edition Labubu are listed on Pharrell Williams' auction site, with some getting bids as high as $2,200.
"Blind box" toymaker Pop Mart, which has seen frenzied sales worldwide for products related to its ugly-cute Labubu character, opened its first jewellery store in Shanghai on Friday.