Overview

• Rare Vans-collaboration Labubu fetched a record ₹9.15 lakh at auction, outpacing its original ₹7,400 launch price by over 125 times.
• Fashion designer Marko Monroe crafted bespoke Labubu figures for celebrities such as Lady Gaga, fueling the toy’s crossover into luxury accessories.
• Collectors are scrutinizing holographic stickers and QR-code security features to distinguish genuine Labubus from counterfeit Lafufu versions.
• Australian hedge fund Arnott Capital plans to short Pop Mart shares, citing peaking secondary-market prices and risks of excess inventory.
• Pop Mart is rolling out international pop-ups and brand collaborations in jewellery and beauty to bolster demand amid growing correction concerns.