Rare labubu auction over $ 150,000
Rare labubu auction over $ 150,000
An extraordinary, first generation of labubu figure was sold at an auction in Beijing for $ 150,000. This auction was exclusively for the toys that cause a stir worldwide. The 131 centimeter high mint green figure, which resembles a gremlin and is equipped with sharp teeth and a mischievous grin, achieved a price of 1.08 million yuan (150,325 US dollar) in the Yongle International auction house, which is usually specialized in the sale of jewelry and modern art.
Success story of the label
"Congratulations to the online buyer to acquire the world's only figure," said the auctioneer on Tuesday afternoon in an exhibition center in downtown Beijing.
label are currently the hottest plush toys in the world, created by the Illustrator Kasing Lung born in Hong Kong and displaced by Chinese toy giants Pop Mart. In the past few months, the bunny -shaped, eleven creatures that are equally grotesque and adorable have gained popularity and triggered a frenzy worldwide. In some cases there was even Raufereien at the fans
global demand for label
Even in China, where Pop Mart is based and most of his toys are made, the people
A total of 48 label was auctioned at the special event, which was advertised as the “first worldwide” auction of the first generation of candy label. A brown 160 centimeter high labubu figure was sold for $ 114,086, which represents the second highest hammer price at the event. The company announced that there are only 15 such figures worldwide.
price development and market strategies
More figures were sold for more than $ 1,000. "As a trendy toy in China, Labubu is now becoming a global work of art because it really triggered a hype around the world," said Zhao Xu, the founder of Yongle Auction, to the state news portal The Beijing News.
ZHAO added that the company plans to organize monthly live stream auctions for labubu and other trendy works of art. A few minions-like label was sold at the auction for $ 10,000 ($ 1,391). Buyers at the auction also had to pay an additional placement fee of 15 % to hammer prices.
It is not uncommon for the prices for label to rise in China due to the high demand. For example, a blind box from the latest Labubu 3.0 series, which was originally offered for about $ 81, is sold on the second-hand market for up to $ 278, as the state news portal cover news reports .
growth figures of pop Mart
The viral popularity of Labubu gave Pop Mart a thrust. The number of annual figures show that the global gross profit of the Chinese company rose by over 125 % last year, while sales in mainland china reached over $ 1.09 billion-34 % higher than in 2023.
Kommentare (0)