Sou Hu Cai Jing·2025-09-08 19:23Group 1 - The stock price of Pop Mart (09992.HK) experienced significant volatility, closing at HKD 287.8 per share with a decline of 7.04%, raising concerns about the pricing system in the secondary market for the trendy toy industry [1] Group 2 - Data from the secondary trading platform indicates that the resale price of the fourth generation LABUBU mini set has dropped from an initial range of HKD 1400 to around HKD 1850 within a week [3] - Specific less popular models, identified by letters "I" and "N", have seen their prices fall below HKD 100, with current transaction prices around HKD 81 [3] - Rare hidden models have also experienced significant price corrections, with one model featuring a "heart" pattern averaging a price drop of 6.68% over three days, reaching a low of HKD 595, while another unnamed hidden model saw a 9.96% decline, with a minimum transaction price of HKD 498 [3] - The downward price trend is not limited to new series, as early generation LABUBU toys have also faced pressure, with second-hand prices declining by HKD 3 to HKD 11 daily, causing asset depreciation for some classic model holders [3] - This cross-generational price adjustment reflects a re-evaluation of specific IPs within the collectible market [3]