Labubu is no ordinary plush — it’s a cultural phenomenon, an art toy, and a status symbol. While it may look like a mischievous, toothy elf straight out of a fairy tale, its price tag often leaves people stunned. From $27.99 blind boxes to auctioned giants selling for over $170,000 , many are asking: why are Labubu toys so expensive ? The answer isn’t just hype or scarcity — it’s a perfect storm of design culture, emotional nostalgia, celebrity exposure, and a deep consumer psychology that few brands have mastered as completely as POP MART. 🧠✨ Labubu Isn’t Just a Toy — It’s a Story-Driven Designer Art Piece At the heart of Labubu’s value is its origin in storytelling . Created by Hong Kong-born artist Kasing Lung , Labubu emerged from his book series The Monsters , where the character was portrayed as a kind but chaotic elf in a whimsical, Nordic-inspired world. According to Lung in an interview with CGTN Europe, Labubu is “something that has always existed in [his] heart.” Thi...