The market enthusiasm for Mini-Labubu, the new toy line from Chinese company Pop Mart, has cooled, raising questions among collectors about its long-term value, Bloomberg reports.
Figures from resale platforms show that prices for the latest Mini-Labubu toys dropped by 24% in just two weeks. This stands in sharp contrast to their near-instant sell-out when sales opened at the end of August. Data from one Chinese online marketplace revealed that half of users now expect Mini-Labubu prices to fall further, compared with 38% who hold the same view about the original Labubu toys.
Pop Mart Remains Optimistic
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