Labubu Prices Face Bubble Risk as Analysts Warn of Beanie Baby-Style Crash
Labubu, the quirky monster-elf figure created by Hong Kong artist Kasing Lung and sold by Pop Mart, has shifted from a cute collectible to a record-breaking investment play. In June 2025, a human-sized Labubu (131 cm tall) fetched 1.08 million yuan (about $150,000) at a Beijing auction, the highest known price for any Labubu. We’re watching a frenzy unfold. Prices are shooting up, people are buying on hype, and some experts are sounding alarms. Could this be a bubble on the verge of bursting? We will explain the rise of Labubu, why analysts believe it might be overvalued, and what lessons from the Beanie Baby era could apply today.
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