The Labubu Phenomenon: Examining the High-Demand, High-Price Point of a Chinese Collectible Toy
The Labubu Phenomenon: Examining the High-Demand, High-Price Point of a Chinese Collectible Toy The recent surge in popularity of the Labubu collectible toy, commanding prices as high as $7,000, presents a fascinating case study in the global collectibles market. This article delves into the factors contributing to Labubu’s exceptional demand and high price point, analyzing its market position and the broader implications for the industry. Labubu, a character distinguished by its large, expressive eyes, is the creation of a Chinese…