The K-Pop Labubus have sold out, one for nearly $50,000
The extremely limited edition Sacai x Seventeen Labubu collaboration has officially sold out, with one bidder paying a shocking $48,133 for one of the toys.
The 14 plush monsters were open for bidding on designer Pharrell Williams' auction platform Joopiter for a week.
The toys were a part of a limited-edition capsule collection between K-Pop boy band sensation Seventeen and Japanese fashion label Sacai in celebration of the band's fifth album Happy Burstday.
The 6.7 inch Labubus are wearing custom beige Sacai x Carhatt WIP looks and clad in a never-seen-before neon green fur, with one secret version of the 14 adorned in an undisclosed distinctive colour. 14 of the limited edition Labubus were on auction on the Joopiter site. Credit: Supplied
The 14 Labubus sold for prices ranging from $28,879 to $48,133.
They were sold in a blind box format, meaning final bidders will not know which one they scored until they open the packaging.
Labubus are collectible plush toy monster elves created by Hong-Kong born designer Kasing Lung and sold by Chinese toy company Pop Mart.
The monsters have gone extremely viral this year, with celebrities such as Rihanna and Dua Lipa wearing them as fashion accessories. Labubus have become a viral fashion trend. Credit: Supplied
The recent demand for the toys has seen Pop Mart's shares soar more than 500% in the last year due to their popularity.
This auction is not the first time a Labubu has sold for an eye-watering amount – last week, a human-sized Labubu figure sold in Beijing for $231,535.
In addition to the limited Labubus, the auction also included a Sacai-designed jacket seen in Seventeen's 'Bad Influence' music video, and a t-shirt signed by 11 of the K-pop group's members. The auction also included a signed t-shirt and a Sacai jacket. Credit: Supplied
These items were sold for $14,635 and $6,932 respectively.
Net proceeds from the sale will be donated to the United Nations Organization for Education, Science, and Culture (UNESCO).
Both Seventeen and Williams serve as goodwill ambassadors for the organization.
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