We already know that Labubu dolls are highly sought after and can cost a pretty penny – how much are you willing to pay for a rare piece? Recently, a rare first-generation Labubu figure was sold at a Shanghai auction, garnering attention for its jaw-dropping price.
On 11th June 2025 (Wednesday), a mint-green Labubu figure was sold at the Yongle 2025 Spring Auction for an astonishing 1.08 million yuan (approximately RM634,400). However, the winning buyer was required to pay another 15% commission on top of the hammer price, bringing the total cost of the auction to approximately 1.242 million yuan (approximately RM729,600).
The piece was highlighted as “one of a kind” and is said to be the world’s only mint-green Labubu. The figure stands at 131cm and is made of PVC. It was sold at the auction alongside 47 other Labubu collectable items. Another rare figure sold at the auction was a limited-edition brown Labubu for 820,000 yuan (approximately RM481,700). The total value of the sale for the auction was 3.73 million yuan (approximately RM2.2 million).
The winning bidder of the rare mint-green Labubu wasn’t disclosed. Reports suggest that the buyer is a prominent collector of first-generation Labubu pieces, as are the other buyers in the auction. However, it’s unsurprising that the auction raised such an astonishing figure, because many fans are dedicated to collecting these trendy figurines and would pay inflated prices to get the toy.
Labubu and its accompanying “Monsters” line were created a decade ago by Hong Kong designer Kasing Lung. BLACKPINK’s Lisa’s love for the doll helped catapult its popularity in the last two years. The Thai idol sparked a trend in Southeast and East Asia, with many rushing to get their own Labubu to match the star. Labubu and the “Monsters” line is now POPMART’s best-selling series, raking billions in sales for the toy company.
It appears the Labubu craze won’t die anytime soon, but what are your thoughts on this? Would you pay RM700,000 for a rare Labubu?
Sources: The Star, Dim Sum Daily
