Labubu doll fetches US$150,000 at auction

Coveted dolls: A man posing for a picture next to a life-sized Labubu figurine displayed before an auction in Beijing. — Reuters

A human-sized Labubu doll fetched a whopping 1.08 million yuan or US$150,000 (RM635,600) at an auction in Beijing, in a testament to the popularity of the collectible toy flaunted by celebrities.

The one-of-a-kind mint green Labubu, a monster character created by Hong Kong-born artist Kasing Lung, went under the hammer at China’s Yongle Auction house on Tuesday, along with 47 other Labubu collectible items.