“We’re still in shock,” the store posted on Instagram. “They took all of our inventory and trashed our store. Please help us find these thieves.”
The incident underscores the skyrocketing demand and price tags for Labubu, a toothy plush toy that has grown from an art project into an international phenomenon. Rare editions can fetch hundreds of dollars on resale platforms, while a life-size version recently sold for over $170,000 at auction in China.
Labubu was created in 2015 by Hong Kong–born artist Kasing Lung as part of his illustrated series The Monsters, inspired by Nordic fairy tales. The characters are mischievous yet kind-hearted elves whose good intentions often lead to chaos. In 2019, Lung teamed up with Chinese toy giant POP MART to release the dolls in “blind boxes,” sealed packages that keep the design secret until opened.
"That's why I wanted to create something that I've always known existed in my heart," he said in an interview with CGTN Europe in March. "It's amazing that so many people love it."