A human-sized Labubu doll was sold this week for a record 1.08 million yuan ($150,324; £110,465), according to a Chinese auction house.
The 131 cm (4 ft 4 in) figurine was sold at the Yongle International Auction in Beijing. The auctioneer said it was now the most expensive toy of its kind in the world.
Labubu dolls are quirky monster characters created a decade ago by Hong Kong artist Kasing Lung, which have increased in popularity in recent years after a number of celebrity endorsements.
Labubu dolls, sold by Chinese toy company Pop Mart, usually cost around 50 yuan. This week’s auction was dedicated entirely to Labubu.
