A human-sized Labubu figure sold for 1.7 million yuan ( approximately$ 150, 275 ) on Tuesday at an auction in Beijing, China, for$ 1.08. This established a new history for the popular figurine, which is quickly becoming popular. Over a thousand suitors took part in the Hardy mobile app, which was used to host the event. Around 200 people showed up in people, and 48 things were for sale. All purchases began with a zero reserve price, which ultimately produced 3.73 million renminbi. The first bid by Yongle to focus solely on Labubu puppets was held here. Labubu is a peculiar monster-like creature with big eye, a playful smile, and a fur system. It was created by performer Kasing Lung and is generally distributed by Taiwanese toy company Pop Mart. A mint-green Labubu figure measuring 4.3 feet ( 131 cm ) tall was the auctioned item with the highest price tag. Before being sold for 1.08 million yuan, it went through many proposals. The seller claimed that it is the only item of its kind available today.
After Lisa of Blackpink, the K-pop sun, saw the mannequin, the Labubu figure gained notoriety. She praised it in conversations and social media posts. American football player David Beckham also uploaded a photo of his Labubu doll to a bag in May. One of the bidders, Du, claimed she had planned to spend up to 20 000 yuan on the doll. She walked ahead, though, feeling empty because the final costs went above what was anticipated. Every day Labubu releases new items, our infant “likes it,” he says. It’s difficult to explain how popular it is, but it must have touched a creation, she told Reuters. A set of three Labubu sculptures, each 40 inches tall and made of PVC, was originally priced at 510, 000 Yuan. Only 120 pieces from the” Three Wise Labubu” set were included in the set’s release in 2017. At Sotheby’s recent auction in Hong Kong, a further set was sold for HKD 203, 200 ( roughly$ 25, 890 ).
