Labubus are small plush gremlin toys from Hong Kong, sold for approximately $28. They have gained immense popularity at New York raves, attracting large crowds and creating a vibrant community. Events often include mystery unboxing giveaways, dance parties, and themed performances. Each Labubu represents different collections with unique themes, and their resale values can significantly exceed retail prices. The toys became a cultural phenomenon, with many young people flaunting their collections and participating in special events, including a recent Labubu Pride celebration.
Labubus are small, grinning plush gremlin toys from Hong Kong, sold for about $28, and have become popular at New York raves, attracting hundreds of young adults.
Collectors and fans engage in unboxing giveaways and themed series events; one Labubu recently sold for $150,000, reflecting the strong demand and collectible nature.
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