
Labubu’s Wonders — Implications for Africa’s Niche Luxury Market
June 24, 2025
On June 10, 2025, a four-foot-tall Labubu designer toy made headlines after being sold for an astonishing ¥1.24 million (approximately US$170,000) at Yongle International Auction in Beijing. The toy was part of a curated collection of 48 pieces that brought in a total of ¥3.73 million (around US$520,000), highlighting Labubu’s transformation from a niche collectible […]
Read More →