Rare Labubu Sculpture Sells for $150K in China Auction

A rare Labubu sculpture recently sold at a Beijing auction for over $150,000, underscoring the skyrocketing global demand for the Chinese-designed collectible toys.

Created by Hong Kong-born artist Kasing Lung and produced by Pop Mart, the rabbit-like Labubu figures have gained international fame, with celebrity endorsements from Rihanna and Dua Lipa fueling their viral appeal.

Fans are lining up overnight to purchase these limited-edition pieces, and experts say the phenomenon showcases China’s growing cultural soft power.