48 lots fetched more than US$500,000, with one selling for US$139,000, at an auction in Beijing, reflecting the soft toys’ rising popularity
A Labubu figurine sold for over a million yuan (US$139,100) at an auction in Beijing this week, as demand for rare and limited editions of the soft toy rises.
The Yongle Auction sale featured 48 lots and recorded proceeds of 3,725,425 yuan. The auction drew a packed crowd at Beijing’s Phoenix Art Centre and was streamed online to hundreds of thousands of viewers.
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