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…