What has big eyes, pointy teeth, and rabbit ears—and has taken the world by storm? It’s Labubu! Created by illustrator Kasing Lung, these grinning monsters have been sold by Chinese toy company Pop Mart since 2019. Today everyone from pop stars to schoolkids has Labubus clipped to their bags.
In June, a one-of-a-kind Labubu sold at an auction in China for about $170,000. You won’t see it hanging from anyone’s backpack though. It stands more than 4 feet tall!