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In a shocking turn of events, Labubu dolls have evolved from adorable quirky accessories to a global phenomenon, captivating the luxury market and beyond. What began as a social media trend, fueled by thousands of TikTok videos and celebrity endorsements from the likes of Rihanna and Dua Lipa has snowballed into a full-blown obsession. The result is a staggering demand for these small figurines, leading to product shortages, lengthy queues and eye-watering price tags that rival those of high-end luxury brands.

As the Labubu craze continues to sweep the globe, it's clear that these once-humble dolls have become a cultural force to be reckoned with, leaving a lasting impact on fashion and luxury landscapes. Here are the three most expensive dolls that have ever sold at auction.

Most Expensive Labubu Dolls 

Mint Green Human-Sized Labubu

A staggering $150,000 (12901361 INR) was shelled out for a life-sized mint green Labubu doll at Beijing's Yongle International Auction. This record-breaking sale highlighted the world's first Labubu-only auction where the 131cm-tall figurine took center stage. The hefty price tag has left many aghast, solidifying Labubu's status as a luxury collectable.

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Tall Brown Labubu

A towering brown Labubu plush doll garnered a breathtaking $140,000 (12041892 INR) at the auction, closely trailing the impressive sale of its mint green companion. This impressive sale cemented Labubu's status as a major force in the art toy market, transcending its social media origins to become a highly coveted and valuable collectible.

Three Wise Labubus

Labubu's creative twist on the iconic three wise monkeys has garnered a devoted fan base. A set sold at Sotheby's Hong Kong for approximately $25,000, sparking interest. However, a subsequent set shattered records, selling for nearly $71,000 (6106575 INR) at the Beijing auction, cementing the Labubu monkeys' status as highly sought-after toy.

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The jaw-dropping sums commanded by Labubu figures at auctions have sent shockwaves, leaving collectors and observers alike in utter astonishment. Initially retailing for under $1,000 in Pop-Mart stores, the exponential surge in value is unprecedented. As the collectibles market continues to evolve, the Labubu phenomenon raises intriguing questions about the intersection of art, nostalgia and luxury.