Human-size Labubu Doll sold in China: Will you pay 1 million yuan for a toy? Somebody just did
On Tuesday, a human-shaped figure was sold for 1.08 million yuan (about $ 150,275) at an auction house in Beijing, China on Tuesday.It created a new record for trending dolls, gaining rapid popularity. The event was organized by Yongle International Auction, in which more than a thousand bidding Yongle participated through the mobile app. About 200 people individually participated, and 48 items were introduced for sale. All items began with a zero reserve value, eventually a total of 3.73 million yuan.This was Yongle’s first auction which was particularly dedicated to the Labu Doll. Labubu is like a bizarre monster, with oversized eyes, with a mischievous smile and a cute body. It is mainly sold by Chinese toy company pop mart and was created by artist Cassing Lung.The most expensive item auctioned was a mint-green labubu shape, which was 4.3 feet (131 cm) long. It received several dialects before being sold at 1.08 million yuan. The auctioner said that it is the only piece of its kind in the world.
Labubu’s figure increased for fame after Blackpink’s K-Pop star Lisa was seen with the doll. He praised it in interview and social media posts. In May, British football star David Beckham also shared a picture on Instagram on Instagram on Instagram, characterized by a bag attached to a bag.One of the auction bidder, DU said it had planned to spend a maximum of 20,000 yuan on the toy. However, she went empty -handed as the final prices were beyond expectations.He said, “My child likes it, so every time Labu releases new products, we buy one or two items. It is difficult to explain its popularity, but it would have touched this generation,” she told the news agency’s Reuters.Earlier, a set of three Labubu idols is made of about 40 cm long and PVC each – 510,000 was sold for yuan. Set from the “Three Wise Labbu” series, it was limited to just 120 sets released in 2017. Another set was sold for HKD 203,200 (about $ 25,890) at Sothabi’s recent auction in Hong Kong.
