Labubu Dolls: The Viral Status Symbol Driving Multi-Million Dollar Sales
A limited edition Labubu x Vans plush doll is rapidly gaining value, with resale prices approaching $10,000, driven by its rarity and popularity. The Labubu toy, designed by Kasing Lung and inspired by Nordic mythology, has become a viral phenomenon, with some versions selling for tens of thousands of dollars at auction. Experts believe the trend is sustainable due to its cultural and artistic appeal, despite concerns over market volatility and reselling controversies.