How Much Does A Labubu Cost? Price Guide 2024

Hey there, fellow toy enthusiasts! Ever found yourself scrolling through Instagram or TikTok and spotting those adorable, mischievous-looking Labubu figures? These whimsical creatures have taken the collectible toy world by storm, and it's easy to see why. With their quirky expressions and vibrant colors, Labubu figures are not just toys; they're miniature works of art. But, as with any coveted collectible, the burning question on everyone's mind is: How much does a Labubu actually cost? Let's dive deep into the world of Labubu pricing and explore all the factors that influence their value.

What Exactly is a Labubu?

Before we get into the nitty-gritty of pricing, let's quickly cover what a Labubu is. Labubu is a character created by the Hong Kong-based artist Kasing Lung and produced by the toy company POP MART. These figures are part of the Monster Village series and are known for their elf-like appearance, complete with pointy ears, wide eyes, and a mischievous grin. Labubu figures come in a variety of series and collaborations, each with unique designs and themes. This diversity is a huge part of their appeal, as collectors are constantly on the hunt for the next must-have figure.

Why are Labubu Figures so Popular?

Several factors contribute to the Labubu craze. Firstly, the unique and endearing design of the characters makes them instantly appealing. They're cute, quirky, and have a distinct personality that resonates with collectors of all ages. Secondly, the blind box format adds an element of surprise and excitement. Each box contains a random figure, so you never know which Labubu you're going to get. This creates a sense of anticipation and encourages collectors to buy multiple boxes in search of rare or secret figures. Thirdly, the collaborations with well-known brands and artists keep the designs fresh and exciting. Limited edition releases and special collaborations often become highly sought-after, driving up their value in the resale market. Finally, the strong community of collectors plays a significant role. Social media platforms are filled with Labubu enthusiasts sharing their collections, unboxing videos, and trading tips. This sense of community fosters a passion for collecting and contributes to the overall popularity of Labubu figures.

Factors Influencing Labubu Prices

Now, let's get down to the main event: the price of a Labubu. The cost of these figures can vary wildly, depending on several key factors. Understanding these factors is crucial for anyone looking to start or expand their Labubu collection.

1. Series and Rarity

The most significant factor influencing a Labubu's price is the series it belongs to and its rarity within that series. POP MART releases Labubu figures in various series, each with its own theme and set of characters. Some series are more popular than others, and the figures within those series tend to command higher prices. Rarity is another crucial element. Within each series, some figures are more common, while others are considered rare or secret. These rare figures, often referred to as "secret" or "hidden" editions, are produced in smaller quantities and are much harder to find. As a result, they can fetch significantly higher prices on the resale market.

How to Determine Rarity: The rarity of a Labubu figure is usually indicated on the packaging or through online resources and collector communities. POP MART often includes a probability chart on the box, showing the odds of pulling each figure. Secret figures typically have the lowest probability, making them the most valuable. Online databases and collector forums are also excellent resources for identifying rare figures and understanding their market value. Keep an eye out for terms like "secret edition," "limited edition," or "chase figure," as these usually indicate a higher level of rarity.

2. Condition

Just like with any collectible, the condition of a Labubu figure plays a major role in its price. Figures in pristine condition, with their original packaging and accessories, will always be worth more than those that are damaged or missing parts. Collectors are meticulous about the condition of their figures, so even minor flaws can impact the price. This includes things like scratches, dents, paint chips, or fading. The condition of the box is also important, especially for collectors who prefer to keep their figures in their original packaging. A box that is torn, crushed, or heavily worn will detract from the overall value of the figure.

Tips for Preserving Condition: To maintain the value of your Labubu figures, it's essential to handle them with care and store them properly. Avoid exposing them to direct sunlight or extreme temperatures, as this can cause fading or damage. Keep them away from moisture to prevent mold or mildew growth. If you're displaying your figures, consider using protective cases or shelves to prevent dust and scratches. When handling your figures, try to avoid touching the painted surfaces, as oils from your skin can degrade the paint over time. For figures in their original boxes, store the boxes flat to prevent them from being crushed or damaged.

3. Collaborations and Limited Editions

Collaborations and limited edition Labubu figures are highly sought after by collectors, often commanding premium prices. POP MART frequently teams up with other artists, designers, and brands to create unique and exclusive Labubu figures. These collaborations not only introduce fresh designs and themes but also increase the collectibility of the figures. Limited edition releases, as the name suggests, are produced in limited quantities, making them scarcer and more valuable. These figures often feature special packaging, unique colorways, or exclusive accessories that set them apart from regular releases.

Examples of Popular Collaborations: Some notable Labubu collaborations include those with Disney, where Labubu characters are reimagined as classic Disney characters, and partnerships with renowned artists who bring their unique artistic styles to the Labubu platform. Keep an eye out for collaborations with fashion brands, lifestyle companies, and other popular franchises, as these often result in highly coveted figures. Limited edition releases can be tied to special events, anniversaries, or promotions, adding to their exclusivity and desirability. Collectors often line up for hours or participate in online raffles to get their hands on these limited edition gems.

4. Market Demand

As with any collectible item, market demand plays a significant role in the price of a Labubu figure. If a particular series or figure is highly sought after by collectors, its price will naturally increase. This demand can be influenced by various factors, such as social media trends, online hype, and the overall popularity of the character or theme. Limited availability and high demand create a perfect storm for price escalation in the resale market.

How to Gauge Market Demand: Staying informed about the latest trends and releases in the Labubu world is crucial for understanding market demand. Follow collector communities on social media platforms like Instagram, TikTok, and Facebook to see which figures are generating the most buzz. Keep an eye on online marketplaces and auction sites to see how prices are trending. Pay attention to news and announcements from POP MART regarding upcoming releases and collaborations, as this can give you an early indication of potential demand. If you spot a figure that's generating a lot of hype and selling out quickly, it's likely to be a high-demand item that could increase in value over time.

5. Location and Availability

The geographical location where you're buying a Labubu figure can also influence its price. In regions where Labubu figures are readily available in retail stores, prices tend to be more stable. However, in areas where they are harder to find, prices on the resale market can be significantly higher. Availability is also a factor. Figures that are sold out or discontinued are generally more expensive than those that are still in production.

Where to Buy Labubu Figures: Labubu figures are primarily sold through POP MART stores, authorized retailers, and online marketplaces. POP MART has physical stores in various countries, as well as an online store that ships internationally. Authorized retailers, such as specialty toy stores and collectible shops, also carry Labubu figures. Online marketplaces like eBay, Mercari, and StockX are popular platforms for buying and selling Labubu figures in the resale market. When buying online, be sure to purchase from reputable sellers with positive feedback to avoid scams or counterfeit products. Consider joining online collector groups and forums, where you can often find fellow enthusiasts selling or trading figures.

So, How Much Does a Labubu Cost? The Price Breakdown

Now that we've covered the factors that influence Labubu prices, let's get down to the actual numbers. The cost of a Labubu figure can range from as little as $10 to upwards of $1,000, depending on the factors we've discussed. Here's a general price breakdown:

• Regular Series Figures: These are the standard figures from a particular series and typically cost between $10 and $20 per blind box. If you're buying a full case (which usually contains 12 blind boxes), you can expect to pay around $120 to $240. Individual regular figures on the resale market may sell for slightly more, depending on their popularity and condition.
• Rare and Secret Figures: These are the figures that collectors covet the most. Rare figures can range from $50 to $200, while secret figures can fetch prices from $200 to $1,000 or more, especially if they're from a highly sought-after series or collaboration. The prices of these figures are highly dependent on market demand and can fluctuate significantly.
• Collaborations and Limited Editions: Figures from collaborations and limited edition releases generally command higher prices than regular series figures. You can expect to pay anywhere from $30 to $50 per blind box for these special releases. On the resale market, prices can range from $100 to $500 or more, depending on the exclusivity and popularity of the collaboration.

Examples of Labubu Prices: To give you a better idea of the price range, let's look at some specific examples. A regular Labubu figure from a recent series might sell for around $15 to $20 on the resale market. A rare figure from the same series could fetch $80 to $150. A secret figure, especially one from a popular collaboration, could easily sell for $300 to $800 or more. Limited edition figures, such as those from the Disney collaboration, have been known to sell for upwards of $500, depending on the character and rarity.

Tips for Buying Labubu Figures

If you're ready to start your Labubu collection or add to your existing one, here are some tips to help you make informed purchasing decisions:

1. Do Your Research: Before buying any Labubu figure, take the time to research its rarity, market value, and condition. Use online resources, collector communities, and price guides to get a sense of what a fair price is. This will help you avoid overpaying and make informed decisions.
2. Buy from Reputable Sources: Whether you're buying online or in person, make sure you're dealing with a reputable seller. Check their feedback and reviews to ensure they have a good track record. Be wary of deals that seem too good to be true, as they could be scams or counterfeit products.
3. Inspect the Figure Carefully: If possible, inspect the figure carefully before buying it. Look for any signs of damage, such as scratches, dents, or paint chips. Check the condition of the box if you're buying a figure in its original packaging. Ask the seller for additional photos or information if needed.
4. Consider Buying in Sets or Cases: If you're planning to collect multiple figures from a particular series, consider buying a full set or case. This can often be more cost-effective than buying individual blind boxes, and it increases your chances of getting rare or secret figures.
5. Be Patient and Persistent: Finding the Labubu figures you want can take time and effort. Be patient and persistent in your search. Check online marketplaces regularly, attend toy conventions and collector events, and network with other collectors. Don't be afraid to negotiate prices, but be respectful and fair in your offers.

Is Collecting Labubu Figures a Good Investment?

The question of whether collecting Labubu figures is a good investment is a complex one. Like any collectible, the value of a Labubu figure can fluctuate over time, depending on market demand and other factors. Some figures may appreciate in value, while others may depreciate. There are stories of collectors who have made significant profits from selling rare Labubu figures, but there are also risks involved.

Potential Upsides: One potential upside of collecting Labubu figures is the opportunity for financial gain. Rare and highly sought-after figures can appreciate in value over time, especially if they are from limited edition releases or collaborations. If you have a keen eye for identifying potential investments and are willing to hold onto your figures for the long term, you could potentially see a return on your investment. Additionally, collecting Labubu figures can be a fun and rewarding hobby. It's a chance to connect with other enthusiasts, build a unique collection, and enjoy the thrill of the hunt.

Potential Downsides: On the other hand, there are also potential downsides to consider. The value of Labubu figures is not guaranteed to increase, and there is a risk that they could depreciate in value, especially if market demand wanes. The resale market for collectibles can be volatile, and prices can fluctuate significantly. There is also the risk of buying counterfeit products or being scammed by unscrupulous sellers. Additionally, collecting Labubu figures can be an expensive hobby, and you could end up spending a significant amount of money on figures that may not appreciate in value. Finally, storing and maintaining a large collection of figures can be challenging.

Conclusion: Ultimately, whether collecting Labubu figures is a good investment depends on your individual circumstances, goals, and risk tolerance. If you're primarily interested in the financial aspect, it's essential to do your research, understand the market, and be prepared for the possibility of losses. If you're collecting primarily for the enjoyment of the hobby, the potential financial gains may be secondary. The most important thing is to collect responsibly and within your means.

Final Thoughts

So, how much does a Labubu cost? As you've seen, the answer isn't a simple one. The price of a Labubu figure depends on a variety of factors, including its series, rarity, condition, market demand, and location. Whether you're a seasoned collector or just starting out, understanding these factors is essential for making informed purchasing decisions. Remember to do your research, buy from reputable sources, and collect responsibly. Happy hunting, guys, and may your Labubu collection bring you joy and satisfaction!