It’s small, toothy and often described as slightly creepy. But this plush doll, called Labubu, has quickly become an unlikely status symbol.
In recent weeks, social media has been filled with videos of collectors trading tips on how to get their hands on a Labubu, the fluffy doll with pointed ears and a mischievous grin.
Though the latest Labubu collection, which dropped on Friday and sold out in seconds, retails at $27.99 for one blind box or $167.94 for a set of six, resellers have already put them up on sites like eBay for more than double those prices.
Labubu dolls are made and sold by Pop Mart, a Chinese retailer known for its “blind box” collectibles, which makes it so that buyers don’t know which color or design they’re getting until they open the box.
Online restocks have earned a cutthroat reputation for selling out immediately, and buyers around the world have been known to camp out in front of Pop Mart stores for hours.
From Beanie Babies to Squishmallows to the naked Sonny Angel figurines that exploded in popularity last year, collectibles have frequently fueled one consumer fad after another. As limited supply drives up their rarity, many fans seek the thrill of hunting down certain coveted versions, like the special-edition “secret” Labubu, which can only be found by winning the blind box lottery.
Thania Gonzalez, 31, said she has collected nearly every color of Labubu from every collection. But since the dolls began blowing up online late last year, the Los Angeles-based fashion content creator said purchasing them from Pop Mart has become virtually “impossible.” Nowadays, she gets her Labubus from a reseller she calls her “Labubu plug.”
“I like to put them on my bags and dress them like me. I will wear multiple Labubus,” Gonzalez said. “I’m putting them on my belt. If I could put them as earrings I would, but that would hurt. I’m putting them wherever they can be put.”