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| Human-sized Labubu doll sells for more than $150,000 | Human-sized Labubu doll sells for more than $150,000 |
| (about 1 hour later) | |
| The life-sized doll was sold at an auction in Beijing this week | The life-sized doll was sold at an auction in Beijing this week |
| A human-sized Labubu doll was sold this week for a record 1.08m yuan ($150,324; £110,465), according to a Chinese auction house. | A human-sized Labubu doll was sold this week for a record 1.08m yuan ($150,324; £110,465), according to a Chinese auction house. |
| The 131cm (4ft 4in) figurine was sold at the Yongle International Auction in Beijing. The auctioneer said it was now the most expensive toy of its kind in the world. | |
| Labubu dolls are quirky monster characters created a decade ago by Hong Kong artist Kasing Lung, which have increased in popularity in recent years after a number of celebrity endorsements. | Labubu dolls are quirky monster characters created a decade ago by Hong Kong artist Kasing Lung, which have increased in popularity in recent years after a number of celebrity endorsements. |
| Labubu dolls, sold by Chinese toy company Pop Mart, usually cost around 50 yuan. | Labubu dolls, sold by Chinese toy company Pop Mart, usually cost around 50 yuan. |
| This week's auction was dedicated entirely to Labubu. | This week's auction was dedicated entirely to Labubu. |
| Forty eight items were put on sale with around 200 people in attendance. | Forty eight items were put on sale with around 200 people in attendance. |
| The auction house said it raised a total of 3.37m yuan. | The auction house said it raised a total of 3.37m yuan. |
| The figurines have sparked a global buying frenzy after frequently appearing in social media posts by Lisa from the K-pop group Blackpink. | The figurines have sparked a global buying frenzy after frequently appearing in social media posts by Lisa from the K-pop group Blackpink. |
| The soft toys became a viral TikTok trend after being worn by other celebrities including Rihanna and Dua Lipa. | |
| Former England football captain David Beckham also posted a photo on Instagram of a Labubu attached to his bag. | Former England football captain David Beckham also posted a photo on Instagram of a Labubu attached to his bag. |
| Earlier this year, Pop Mart pulled the dolls from all UK stores following reports of customers fighting over them. | Earlier this year, Pop Mart pulled the dolls from all UK stores following reports of customers fighting over them. |
| The Chinese retailer often sells the collectable toys in mystery "blind boxes". | The Chinese retailer often sells the collectable toys in mystery "blind boxes". |
| These items are popular with customers who only find out the design of the figurine once they have opened the packaging. | These items are popular with customers who only find out the design of the figurine once they have opened the packaging. |
| The popularity of Labubu toys has contributed to the success of Pop Mart. | The popularity of Labubu toys has contributed to the success of Pop Mart. |
| The firm's revenue was 13m yuan for 2024, more than double the figure seen the previous year. | The firm's revenue was 13m yuan for 2024, more than double the figure seen the previous year. |
| It opened new stores in five countries including Italy and Spain last year. | It opened new stores in five countries including Italy and Spain last year. |