Life-Sized Labubu Toy Sells for Record-Breaking \u0024150,000 at Beijing Auction

A life-sized Labubu figurine, a popular "blind box" toy, recently fetched over \u0024150,000 at auction in Beijing. This record-breaking sale highlights the toy's unexpected transition from a trendy craze to a highly sought-after collectible. The video shows interviews with individuals who discuss the rapid price increase and the significant difference between the initial cost and the current speculative market value. One interviewee notes, "By the time I learned about them, they were already at a price I couldn't afford. It became popular so fast." Another adds, "The normal price would be a few hundred yuan, but now it's been speculated into the thousands and tens of thousands yuan, and that's just for a base model. If it's like this one, a global limited edition, that's priceless." The auction underscores the unpredictable nature of collectible markets and the power of trends in driving value.