The Enigmatic Charm of Labubu: Origins, Rarity, and Rising Value
Labubu — that odd little elf with a serrated-tooth grin, fluffy suit and mischievous stare — feels like the sort of character that stepped straight out of a picture book and into Instagram. But Labubu’s rise from art-school sketch to global collectible explains a lot about why some of these dolls now command eye-watering prices: it’s a mix of story, design, scarcity, celebrity, brand strategy and pure collector psychology. Where Labubu came from Labubu began as a creation of Hong Kong-born artist Kasing Lung, who introduced the character as part of his picture-book series The Monsters. The original artworks leaned on a blend of children’s imagination and Northern/folk storybook influences — which is why Labubu looks both adorable and a little uncanny. The small-scale toy incarnations appeared in 2015, and the character found a much wider audience when the Chinese collectible-toy retailer Pop Mart began producing and marketing Labubu figures in commercial runs. The design that hook...