If you are an avid social media user or someone who watches too many reels on Instagram, you might already know about the current viral craze for Labubu. This viral monster doll has taken the world by storm, creating a frenzy everywhere. In a recent update, a Beijing auction house reportedly sold a life-sized Labubu figure for 1.08 million Yuan, which is approximately ₹1.28 crore.
Life-Sized Labubu Sold For ₹1.28 Crore In A Beijing Auction
As per a report published in Hindustan Times, a Beijing auction house has reportedly sold a life-sized Labubu figurine for a whopping 1.08 million Yuan. That’s around ₹1.28 crore! Can you believe it? For those who don’t know, Labubu is a toothy monster doll sold by China’s toy company Pop Mart. It’s been gaining massive popularity across the world. From keychains to toys to handbags, Labubus are literally everywhere.
This figurine has gone far beyond being just a toy. The plush toy is based on a character from ‘The Monsters’ series by Hong Kong-based designer Kasing Lung. This particular figurine was the most expensive Labubu ever sold. It’s also the only one of its kind in the world. It stands 4.3 feet tall and comes in a mint green colour.
Also Read: Could Your Beloved Labubu Be A ‘Lafufu’? We’re Telling You The Difference Between The Real & Fake!
Beijing Event Auctioned 48 Labubu
The event was held by Yongle International Auction in Beijing. It auctioned 48 Labubu lots and saw nearly 200 bidders. The starting price for every item was zero. But the final bids reached as high as 3.73 million Yuan, which is over ₹4 crore! As per HT, this auction house usually deals with modern art and jewellery. But this was their first auction entirely dedicated to Labubu. And yes, it was a hit.
Labubu are monster dolls sold by Pop Mart, a Chinese toy company. They are mostly sold in “Blind Boxes”, where you don’t know which design you will get until you open the box. Back in 2019, Kasing Lung, Labubu’s creator, agreed to let Pop Mart sell the figurine. But only recently, this plush toy has seen so much popularity.
Also Read: 8 Places To Buy Labubus In Dubai
It all started when Lisa from the Korean pop group BLACKPINK was seen with a Labubu figurine. Then, in May, football star David Beckham shared a photo with his own Labubu attached to his bag. Not just international stars, even Indian celebrities like Twinkle Khanna and Ananya Panday were seen with the Labubu doll.
So, what do you think? Will people stay obsessed with this monster doll for long? Or is this just another short-term craze like so many others?
Cover Image Courtesy: @AmzChina/ X
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