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The $150,000 Monster: Ranking The Most Expensive Labubu Figures And Their Record-Breaking Value In 2025

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The Labubu phenomenon has officially transcended the collectible toy market, becoming a serious investment asset, with one figure smashing records in mid-2025. This unprecedented surge in value is driven by extreme scarcity, the global blind-box craze, and the artistic vision of its creator, Kasing Lung. As of December 2025, the secondary market is hotter than ever, with select pieces demanding six-figure sums, transforming a simple rabbit-like monster into a billion-dollar industry.

The question on every collector’s mind—"What is the most expensive Labubu?"—now has a definitive, jaw-dropping answer. The record was set on June 10, 2025, when a single, massive figure sold for a staggering 1.08 million yuan at a major auction. This article dives deep into this record-setter and ranks the other rarest, most coveted, and most expensive Labubu figures that collectors are hunting for right now, along with a profile of the visionary artist behind *The Monsters* series.

Kasing Lung: The Creator of The Monsters and Labubu’s Universe

The immense value of the Labubu figure is inseparable from the artistic pedigree of its creator, Kasing Lung. To understand the price, one must first understand the artist and the world he built.

  • Full Name: Kasing Lung (龍家昇)
  • Origin: Hong Kong
  • Current Base: Belgium
  • Artistic Influence: Heavily influenced by Nordic folklore and mythological creatures, which he encountered after moving to the Netherlands with his family.
  • Series Debut: Lung began developing the story series "The Monsters" in 2015, which serves as the foundation for all the collectible figures.
  • Core Characters: The series centers on a mischievous, fanged, rabbit-like creature named Labubu, accompanied by friends like Tycoco, Spook, Zimomo, Pato, and Yaya.
  • Global Recognition: Lung has achieved worldwide fame, releasing over 300 different versions of the Labubu character, cementing his status at the intersection of fine art, fashion, and collectible culture.
  • Collaborations: His work with Pop Mart has been instrumental in turning *The Monsters* into a global phenomenon, driving record revenues and soaring the company's market value to over US$44 billion by mid-2025.

Lung’s unique ability to blend the cute (the rabbit ears) with the mischievous (the sharp teeth and wide eyes) gives Labubu its irresistible charm. This emotional connection, combined with ultra-limited production runs, is the core engine of the secondary market's extreme prices.

The Top 5 Most Expensive and Rarest Labubu Figures Ever Sold (2025 Update)

The market for art toys and designer vinyl figures has seen an explosion in value, and Labubu is at the forefront. The figures commanding the highest prices are typically one-of-a-kind, giant-sized, or secret-edition pieces with minuscule pull rates. This list reflects the highest confirmed sales and valuations as of late 2025.

1. The Human-Sized Labubu (Mint-Colored First Generation) - $150,444 USD

The undisputed champion of Labubu's secondary market value is a massive, human-sized figure. This piece officially broke records, signaling a new era for art collectibles.

  • Sale Price: 1.08 million yuan (approximately $150,444 USD or $193,341 SGD).
  • Auction Details: Sold at the Yongle 2025 Spring Auction in Beijing on June 10, 2025.
  • Key Features: Described as a mint-colored first-generation collectible toy with a furry body and head. Its sheer size and "first-generation" status underscore its rarity and historical significance to the brand's boom.
  • Market Impact: This single sale solidified Labubu's transition from a highly sought-after toy into a high-end art investment, comparable to contemporary sculptures.

2. The "Pink Microwave" Hidden Edition (Convenience Store Series) - $10,000+ USD (Estimated Resale)

While not an auction piece, the "Pink Microwave" is one of the most notoriously rare blind-box pulls in the entire Labubu catalog, driving extreme resale prices among dedicated collectors.

  • Rarity Rate: A minuscule pull rate of 1 in 144 blind boxes.
  • Series: Part of the highly popular Labubu Convenience Store series.
  • Value Driver: The extreme difficulty in obtaining this secret version ensures that its resale value remains one of the highest for a standard-sized vinyl figure, often fetching prices in the five-figure range.

3. Labubu "Best of Luck" Figure (38 cm) - $3,568+ USD (Resale)

This larger format figure from *The Monsters* series holds significant value due to its size, limited release, and desirable design.

  • Size: Approximately 38 cm (15 inches) tall.
  • Series: Part of *The Monsters* series by Pop Mart.
  • Resale Value: Known to command a high resale price that can go upwards of USD 3,568.
  • Collector Appeal: The larger scale allows for more detailed craftsmanship and makes it a premium display piece, pushing it into the high-tier collectible bracket.

4. Big Into Energy Secret "ID" Figure - ~$1,800 USD (Resale)

Secret editions within standard blind-box series are the backbone of the Labubu craze, and the Big Into Energy series produced one of the most valuable.

  • Type: Secret/Hidden figure.
  • Series: Big Into Energy.
  • Resale Value: This specific figure has been documented selling for around $1,800 USD in secondary markets.
  • Scarcity Factor: Like all secret editions, its value is determined by its low production number and the high cost of trying to "pull" it from a blind box, making direct purchase on the resale market the only reliable, albeit expensive, option.

5. Labubu Diver Limited Edition & Halloween Limited Edition - $1,800 - $10,000 USD (Range)

Any Labubu labeled "Limited Edition" or tied to a holiday/event is instantly more valuable. These figures are often produced in smaller, fixed quantities, unlike blind-box series that rely on pull rates.

  • Examples: The Labubu Diver Limited Edition and Labubu Halloween Limited Edition are frequently cited as highly sought-after.
  • Value Range: Rare figures, especially limited releases, can sell for anywhere from $1,800 to $10,000 or more, depending on condition and demand.
  • Investment Tip: Collectors prioritize figures from earlier, less-produced limited runs, as they represent the foundation of the brand’s boom.

The Economics of Labubunomics: Why the Price Tag is So High

The astonishing prices seen in the Labubu market are not random; they are the result of calculated scarcity and a perfect storm of cultural trends. Understanding these factors is key to navigating the world of high-value art toys.

The Power of Scarcity and Blind Boxes

The collectible market is fueled by the desire for what is hard to get. The blind-box model, popularized by Pop Mart, is a masterclass in driving demand. Collectors buy the boxes without knowing which figure is inside, hoping for the rare "secret" or "hidden" editions. This mechanism artificially inflates the value of the rarest pieces because the cost of acquiring one through chance is far higher than the retail price of a single box. When a figure has a 1-in-144 pull rate, the secondary market price skyrockets to reflect the cost of potentially buying 144 boxes to find it.

Topical Authority and Artistic Collaboration

Kasing Lung’s background in fine art and illustration elevates Labubu beyond a mere toy. When a figure is an artist-designed collectible, it gains topical authority and is treated as a piece of art, not just a commodity. The collaboration with Pop Mart, a giant in the collectible space, ensures massive distribution while Lung’s artistic integrity maintains the high-end appeal. This combination drives both mass-market frenzy and high-value auction results.

The Investment Hype of 2025

The year 2025 has been pivotal for Labubu. The brand's success drove Pop Mart's full-year sales to more than double, reaching 13 billion RMB. This intense market activity and the high-profile auction sales create a feedback loop: high prices generate media attention, which attracts more collectors and investors, further driving up demand and secondary market prices. The focus on first-generation and ultra-rare pieces at auctions, like the Yongle 2025 Spring Auction, legitimizes the figures as true investment art.

Whether you are a casual collector or a serious investor, the Labubu phenomenon proves that the art toy market is a serious arena. The most expensive figures are not just toys; they are tangible assets representing a significant cultural moment in the global collectible world. As the market continues to mature, expect the prices of these ultra-rare, limited-edition monsters to climb even higher.

The $150,000 Monster: Ranking the Most Expensive Labubu Figures and Their Record-Breaking Value in 2025
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