Recently, the secondary market prices for the popular collectible toy IP LABUBU have sharply declined, drawing widespread attention. Created by renowned artist Kasing Lung, LABUBU gained rapid popularity between 2022 and 2023 thanks to its uniquely quirky design and collaborations with brands like POP MART. Certain limited editions once sold for several times—sometimes even ten times—their original retail price on the resale market. However, since early 2024, a surge in new releases and oversupply, combined with waning consumer enthusiasm, has led to a noticeable price drop across the LABUBU series. According to data from multiple collectible trading platforms, many previously hyped standard and hidden editions have now fallen back to or below their original retail prices, with average declines exceeding 50%. Industry insiders suggest this price collapse reflects the bursting of speculative bubbles in the collectibles market and serves as a reminder for collectors to approach IP hype and intrinsic value more rationally. For LABUBU to sustain long-term appeal, it will need to focus on creative content and community engagement rather than short-term speculation.
近期，潮玩圈热门IP LABUBU的二手市场价格出现大幅下跌，引发广泛关注。LABUBU由知名艺术家龙家升（Kasing Lung）创作，凭借其独特怪萌造型和泡泡玛特等品牌的联名合作，在2022至2023年间迅速走红，部分限量款在二手市场一度溢价数倍甚至十倍以上。然而，自2024年初以来，随着大量新系列集中发售、市场供应激增，叠加消费者热情降温，LABUBU系列整体价格开始明显回落。据多个潮玩交易平台数据显示，多款曾被热炒的基础款和隐藏款价格已跌回发售价甚至更低，跌幅普遍超过50%。业内人士分析，此次价格崩盘反映出潮玩市场投机泡沫的破裂，也提醒收藏者应更理性看待IP热度与实际收藏价值。未来，LABUBU若想维持长期生命力，仍需依靠内容创新与社群运营，而非短期炒作。
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