Lake Labub in life is sold for over $ 170,000 at the Becking Auction Amid Global Frenzy star-news.press/wp

Hong Kong – Labub Life Lipubu sold in China for more than $ 170,000, log for a high-requested tooth toy in a number of celebrities.

On Tuesday, in Beijing, in Beijing, Tuesday, whose price is the High Commission, whose price is included in Beijing on Tuesday in Beijing, on the world the first auction dedicated to Labub collectibles. The organizer of the Yongle Auction event states that a life size doll, which is made of hard plastic PVC, is the only kind of kind.

Auction sold all 48 lots of total sales of 3.73 million yuan, or about $ 520,000, with nearly 1,000 collectors that make bids or personal or online, yongle said in a statement Wednesday. The event arrived in the middle of global rage over Labubu, which is sold in “blind boxes” of the Chinese toy company Pop March.

“Intensive” auction showed “the growing momentum of pop art in the auction market,” Yongle said, adding that he would regularly start holding Labubua’s “regularly.”

The Labub item that received the second highest offer was another life-size figure that sold more than $ 130,000 and measured a 5-foot high. The third was a set from a series called “Three Wise Labub” – one doll crossing a weapon, one made gesture for Peekaboo and one that covers the mouth – which is sold for more than $ 80,000, including the Commission.

The success of Labubu in the auction reflects the “growing presence” of market art in the market and the progress of Hong Kong and the mainland in the installation of trends in contemporary culture, said Felix Kwok, registered auctioneer China and the founder of the exchange of art and culture.

“The auction is a bit of a perceive market, this development is also incentive and indicative,” he said for NBC news through an app to exchange messages.

Made in 2015 Hong Kong-born Artist Kasing Lung, Labubu is one of the “monsters” in his children’s book inspired by Nordic mythology. With high, pointed ears and toothed teeth, a small monster is “kindly and always wants to help, but often accidentally achieves the opposite”, according to the pop market.

Labubu dolls are often sold in “blind boxes”, sealed packages whose content is revealed only after opening. In the US store, one blind box from a recent sales collection for $ 27.99, while a set of six costs $ 167.94, although prices can more than double on reselling sites like eBay.

The dolls also popularized celebrities such as Rihanna and Lisa from the south Korean Group Group Blackpink, both noticed the Sports Labuba charms on their bags.

Despite global trade disorders caused by American tariffs, fans continued to line up in POP market shops around the world to buy Labub dolls. Last month, the Chinese trader even pauses Labub sales in all 16 stores in the UK to avoid security issues after reports of messy lines and struggles.

In the first three months of this year, POP market revenue increased by almost 480% compared to the year earlier, and almost 900% in America, according to His three-month report.

While Labubunian popularity releases globally, Wang Ning, the founder of a pop market, has become richer than $ 8 billion between 2024. and 2025, fivefold increase in their wealth, According to Forbes.