Core Insights - The popularity of LABUBU (拉布布) has led to a decline in its secondary market prices, indicating a shift in consumer interest and behavior [1][2] - The initial appeal of LABUBU was driven by its uniqueness and scarcity, which has diminished as it became more mainstream [2][5] Group 1: Consumer Behavior - LABUBU's design, characterized by its unconventional aesthetics, resonates with consumers seeking uniqueness, leading to a perception of "ugly is cute" [1] - The initial hype around LABUBU was fueled by its scarcity, making it a social currency among collectors [1] - As LABUBU became widely available, the sense of exclusivity faded, prompting early adopters to seek new niche communities [2] Group 2: Market Dynamics - The oversaturation of LABUBU in the market has resulted in a loss of its "scarcity" appeal, contributing to a decline in consumer excitement [2] - The blind box mechanism, which initially provided emotional value and excitement, has led to consumer fatigue and a more rational approach to purchasing [2] - The emotional connection consumers had with LABUBU is being reassessed as they experience diminishing returns on their investment [2][3] Group 3: Pricing Trends - A notable auction in June saw a unique LABUBU sell for 1.08 million yuan, highlighting the potential for high-value transactions within the collectible market [5] - Despite high-profile sales, the overall trend indicates a significant drop in secondary market prices for LABUBU products [1][2]

Core Viewpoint - The popularity of blind box consumption among young people reflects a shift in consumer behavior towards emotional and experiential satisfaction, driven by the allure of surprise and novelty [4][12]. Group 1: Blind Box Consumption Trends - 68.25% of respondents have experienced blind box consumption, with 80.32% spending 300 yuan or less annually on blind boxes [2]. - The most purchased types of blind boxes include潮玩盲盒 (78.23%), 文创盲盒 (56.16%), and 食品盲盒 (19.78%) [6]. - Emotional value is a significant driver for blind box purchases, with 69.78% of respondents enjoying the surprise element [3]. Group 2: Consumer Experiences - Consumers report that blind boxes help alleviate decision fatigue, allowing for spontaneous experiences, such as travel through机票或火车票盲盒 [5][7]. - The appeal of blind boxes is enhanced by the integration of cultural themes and social responsibility, as seen in products that address environmental issues [5][12]. - Young consumers often face challenges with product quality and misleading marketing, leading to a demand for better transparency and consumer rights [10][11]. Group 3: Market Dynamics and Future Outlook - The blind box market is evolving, with various industries adopting this model, indicating a broader trend in consumer goods and services [2][6]. - There is a call for regulatory measures to protect consumer rights and ensure fair practices in the blind box market, including clearer disclosure of hidden item probabilities [10][11]. - The future of blind box consumption may hinge on balancing novelty with responsible marketing and consumer education [12].