In the world of collectibles, we know that some people are willing to spend a lot of money on rarities. Just in the gaming sphere alone, millions have been spent onPokemonandMagic: The Gathering cards, you’re able to findridiculously expensive skins in games like CS:GO, and someone evenspent over $70,000 on a hot Cheeto that vaguely resembled a Charizard.
If there is a collectible with some form of rarity somewhere in the world, you can almost guarantee there is at least one person out there that is willing to spend ungodly amounts of money to acquire it, as we’ve seen so many times in the past. Right on cue, the same has now happened with the new Lububu doll craze that’s been sweeping the globe recently.
If you’re a bit out of the loop, Lububu dolls were designed by a Hong Kong-based artist called Kasing Lung over a decade ago, but exploded in popularity recently due to BLACKPINK star Lisa’s public affection for the little creature. If you’re of a certain age, you’ll most likely recognize the similarities between Lububu and other collectible dolls like Beanie Babies.
Rare Labubu Sells For $150,000 At Chinese Auction
And just like with the Beanie Babies craze in the late 90s, we already have Lububu dolls being sold for ridiculous money. Earlier this week, 48 rare Lububu figures were put up for sale at the Yongle International Auction House in China, a place which usually deals in jewelry and modern art. The event was described as the “world’s first” Labubu auction, which should really drive home just how popular and valuable these little gremlins actually are.
Most of the figures ended up selling for over $1,000 each, which is ridiculous in itself, though two figures in particular managed to fetch eye-watering sums. Firstly, there was a 63-inch brown Lububu - one of only 15 on the entire planet - which managed to sell for a whopping $114,086, while the star of the show was a light blue, 51-inch Lububu that sold for $150,325, with an additional 15 percent brokerage fee on top.
We don’t know who ended up buying the Lububu, but upon bringing the hammer down, the auctioneer apparently congratulated them on “collecting the world’s only such one”,according to CNN. Yongle International Auction House now plans on holding monthly livestream auctions for trendy, collectible items such as Lububu, so if you like gremlins and have a spare $150,000, you can keep them on your radar.
