两只LABUBU涨到190万元！5年前“旧主”现身：当年10多万元买，30万多万元卖出

Core Viewpoint - The article discusses the recent auction of LABUBU toys, highlighting the significant price increase and the factors driving this trend, including market speculation and celebrity influence [3][12][25]. Group 1: Auction Results and Market Dynamics - The auction on June 10 featured 48 LABUBU pieces, with a total transaction value of 3.73 million yuan, attracting widespread attention [1]. - Two specific LABUBU figures, a mint green and a brown version, were sold for 1.08 million yuan and 820,000 yuan respectively, marking a dramatic increase in value from their original purchase price of over 100,000 yuan combined [10][12]. Group 2: Collector Insights - A collector, referred to as Cheng Luo, shared his experience of purchasing the two LABUBU figures in 2020 for just over 100,000 yuan and later selling them for over 300,000 yuan, expressing surprise at their auction prices [3][10]. - Cheng Luo noted that the value of LABUBU is difficult to define, as it is perceived more as a toy than traditional art, influenced by market speculation and celebrity endorsements [7][12]. Group 3: Market Trends and Future Outlook - The article suggests that the current high prices of LABUBU may indicate a market peak, with concerns that inflated prices could alienate genuine fans [25][29]. - Future price appreciation may depend on the designer Long Jiasheng's recognition in the international art community and potential collaborations with luxury brands [28].