以其当前最热门的产品、2025年新上线的第三代Labubu"前方高能系列"为例，这套产品包含1个隐藏款 和6个常规款，单个原价99元。据统计，其常规款在二手市场上的均价区间在90元-130元之间，甚至有 一款的交易均价掉到了原价之下。 而隐藏款"本我"是这代产品中最火的款式，这款采用扎染艺术、暗黑系造型的玩偶为全球限量发售，凭 借稀缺性和社交属性成为泡泡玛特2025年的明星产品。记者登录二手平台查询发现，截至9月15日，隐 藏款"本我"的二手市场价格普遍回落至700元~800元，近30天内降价趋势明显，甚至有卖家出售价格仅 为200元出头。 自8月26日泡泡玛特股价创下历史新高以来，其股价至今已回落三成。 【深圳商报讯】（首席记者 谢惠茜）摩根大通在近期发布的研究报告中将泡泡玛特的股票评级下调 至"中性"。受此影响，9月15日，港股泡泡玛特开盘即大跳水，一度跌超8%。截至收盘，泡泡玛特报 259港元，跌幅6.43%。 摩根大通表示，做出这一决定的原因是该公司目前缺乏明显的增长催化剂，且当前估值水平不具吸引 力。此外，泡泡玛特产品热潮是否正在消退引发市场担忧亦为主因。近期，在二手市场，泡泡玛特的王 牌产品拉布布 ...

曾经"一娃难求"的LABUBU，目前二手价格正在全线下跌。 在一些二手平台上，一些隐藏款一度炒到过万元，比如隐藏款"本我"。9月10日，智通财经查阅得物App发现，过去90天，这款隐藏款"本我"的确认款， 从最高约4356元降至834元。 :: ■ 单个盲盒A-M款(款 ... 两个盲盒A-M款(款 ... 得物价格趋势 降价提醒 > 30大 90天 手引 受此影响，泡泡玛特股价在8月26日创出339.8港元/股的历史新高后，一路下跌。9月8日甚至大跌7.5%，跌破300港元/股。9月10日，截至智通财经发稿， 泡泡玛特股价跌6.66%至269港元/股，总市值约3612亿港元。 开售首日，该系列引发抢购热潮，多平台商品链接迅速售罄。二手平台整盒（14只）价格一度炒至3200元，部分卖家通过"代抢"服务将单价炒至300元， 整套代抢费用甚至高达2699元，较官方原价翻倍。 截至9月10日，得物APP平台数据显示，迷你版LABUBU价格已大幅回落，单个A-M款成交均价为147元；整盒（14只）N-Z款成交均价为1511，有购买者 最新出价为1430元。 得物售价始终来自当时最低出价商家,平台保障全新正品,请按需购 ...

Core Viewpoint - The article discusses the recent launch and market dynamics of the Labubu series toys by Pop Mart, highlighting the shift to pre-sale methods and the subsequent impact on pricing and consumer behavior [1][4][5]. Group 1: Product Launch and Sales Strategy - On June 18, Pop Mart launched the Labubu third generation toys through a pre-sale method across multiple platforms, with a single blind box priced at 99 yuan and shipping scheduled for September 22 [1]. - This is the first time Pop Mart has utilized a non-inventory pre-sale approach for Labubu toys, aiming to enhance the shopping experience for regular consumers [4]. Group 2: Market Reaction and Pricing Trends - Following the pre-sale announcement, the resale prices for Labubu toys on second-hand platforms dropped significantly, with some listings as low as 100 yuan, compared to previous prices starting at 250 yuan [2]. - The average transaction price for the "Front High Energy" series of Labubu items fell sharply from 2279.7 yuan to 1181.3 yuan within a day, leading to a surge in trading volume from 66 units to 2531 units [5][8]. Group 3: Consumer Sentiment and Resale Market - Many consumers expressed satisfaction at the decline in prices, particularly enjoying the losses incurred by scalpers [2]. - In the resale market, the price for a complete set of Labubu blind boxes has decreased, with offers ranging from 650 yuan to 800 yuan, indicating a significant drop in demand among scalpers [4]. Group 4: Expansion into Other Markets - The Labubu brand has expanded into the jewelry market, with gold versions of Labubu being sold in Shenzhen, appealing particularly to young consumers [13][15]. - Despite the popularity of Labubu-themed gold jewelry, there are concerns about IP infringement, with reports of unauthorized versions circulating in the market [16].