Labubu Doll Fetches $150,000 at China Auction as Demand Rages
A human-sized Labubu doll fetched a whopping 1.08 million yuan ($150,000) at an auction in Beijing, in a testament to the popularity of the collectible toy flaunted by celebrities.
The one-of-a-kind mint green Labubu, a monster character created by Hong Kong-born artist Kasing Lung, went under the hammer at China's Yongle Auction house on Tuesday, along with 47 other Labubu collectible items.
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