Back to today’s briefing

Story perspectives

Labubu Dolls: $170K Auction Sparks Global Craze and Chaos

6/13/2025

50 6

Summary

Story summary

Labubu dolls, quirky monster figurines from Pop Mart, have taken the world by storm, with a life-sized doll fetching an astonishing $170,000 at a Beijing auction. This craze, driven by celebrity endorsements, has propelled Pop Mart's revenue to a staggering $1.81 billion in 2024. Yet, the fervor has also sparked violence and a shadowy black market for these coveted collectibles.

1 of 1

Story summary

Labubu dolls, quirky monster figurines from Pop Mart, have taken the world by storm, with a life-sized doll fetching an astonishing $170,000 at a Beijing auction. This craze, driven by celebrity endorsements, has propelled Pop Mart's revenue to a staggering $1.81 billion in 2024. Yet, the fervor has also sparked violence and a shadowy black market for these coveted collectibles.