Archive · 19 Jun 2025
Labubu Plushies Now Insured Amid Rising Theft and Obsession
Labubu plushies, created by Kasing Lung and sold by Pop Mart, are in high demand, causing their resale prices to rise significantly.
This has led owners to insure them against theft, reflecting their perceived value as luxury items or status symbols.
Social media plays a key role in their popularity.
Some owners view them as sources of comfort, while others are worried about the commercialization and the shift away from artistic value.
Labubu plushies, designed by Kasing Lung and Pop Mart, are becoming increasingly popular collector's items.
The resale value of Labubus can reach up to Rs 80,000, significantly exceeding retail prices.
Owners are insuring their Labubu plushies due to rising theft incidents.
Social media, particularly TikTok and Instagram, fuels the plushie's popularity through unboxing and collecting content.
Some collectors view Labubus as comfort items or identity markers, while others are concerned about the commercialization.
- Who
- Labubu plushies, created by Kasing Lung and sold by Pop Mart, are popular with collectors.
- What
- Increased popularity and value of Labubu plushies has resulted in theft and insurance needs.
- When
- The trend has accelerated recently, driven by social media.
- Where
- Labubus are popular globally, with reports of thefts in various cities.
- Why
- Their appeal comes from the blind-box model, unique design, and social media influence.
Collector View
Commercialization View
Motives for Collecting
Collector View
Labubu represents art, comfort and storytelling.
Commercialization View
Labubu is primarily a valuable status symbol.
- Plushie
- Labubu
- Creator
- Kasing Lung
- Manufacturer
- Pop Mart
- Retail Price
- Rs 2,500 - Rs 15,000
- Resale Price
- Up to Rs 80,000
- Insurance Trend
- Growing
Sources
Meet The Artist Behind The Viral Labubu Dolls And The Internet's Favourite Monsters
‘Ugly-cute’ Labubu doll craze places Pop Mart CEO Wang Ning among China’s richest, is worth $22.7 bn
Thanks To Labubu, Pop Mart’s Wang Ning Is Now One Of The Youngest Billionaires
How 'Ugly-Cute' Dolls Made This Chinese CEO Richer by $1.6 Billion in Just A Single Day
