Rare Labubu version sold for $150,000

ALBAWABA - A giant Labubu doll was sold at auction for $150,000, amid a global surge in demand for products featuring these Chinese-made characters, media reported.

A turquoise Labubu doll, with a hairy body and head and measuring 131 centimeters tall, sold for a whopping 1.08 million yuan ($150,000) at a Beijing auction on Tuesday, according to Yongle Auction House, which noted that the piece is "the only one of its kind in the world."

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Hong Kong artist Kasing Lung designed the small stuffed Labubu dolls, monster-like creatures. They are being produced by the Chinese brand Pop Mart company.

The doll was displayed alongside other Labubu products, including a 160-centimeter-tall brown-haired miniature that sold for 820,000 yuan ($114,000).

Popmart has more than 400 stores worldwide.

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