A life-size figure of Labubu, the widely popular monster toy known for its toothy grin, has set a new record after selling for over $170,000 in China.
The rare mint-green Labubu figure, standing four feet tall and made from hard-plastic PVC, was sold in Beijing on Tuesday during a first-of-its-kind auction dedicated entirely to Labubu items, NBC News reported. According to Yongle Auction, which hosted the event, the piece is the only one of its kind, and the final sale price included a 15% commission.
Yongle announced Wednesday that the auction saw all 48 lots successfully sold, generating around $520,000 (3.73 million yuan) in total sales. Close to 1,000 collectors participated, placing bids either in person or through online platforms. The event unfolded amid a wave of international enthusiasm for Labubu, a character distributed in surprise “blind boxes” by Chinese toy maker Pop Mart.
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