Limited edition sacai x SEVENTEEN labubu sells for over $31,000 in Joopiter auction within hours

Limited edition labubu sells for $31,250.

The Labubu craze has taken over the internet and the fashion industry 10 years after it was first created, and there is no sign of it slowing down. Especially after a limited edition collaboration doll was just sold for $31,250.

The Japanese clothing brand Sacai and the global K-pop sensation group SEVENTEEN just had a collaboration capsule collection, which featured jackets, tees, caps, and more. But what set the collection apart was the exclusive Pop Mart x How2work acid green edition Labubu, out of which 13 of them are wearing custom beige Sacai x Carhartt WIP looks.

The lots were sold in “blind box” format, and out of the fourteen, one was auctioned off on Pharrell Williams' auction platform Joopiter House, for over $31,000 in an online bid. A secret version of the doll is adorned in an undisclosed distinctive colorway.

Another amazing thing about this collection and collaboration was that the auction coincided with the release of SEVENTEEN's fifth studio album, Happy Burstday, and includes pieces worn, signed, and inspired by the group. A Sacai-designed jacket can be spotted in Seventeen’s “Bad Influence” video, which was produced by Pharrell, and sold for $9,500. Along with that, there were also T-shirts signed by 11 of the group’s members sold at $4,500.

Given the Kpop groups' benevolent nature as well as the fact that both SEVENTEEN and Williams serve as goodwill ambassadors, it was no surprise to learn that Net proceeds from the sale will be donated to UNESCO, the United Nations Organization for Education, Science, and Culture.

Rise of Labubu

The controversial monster dolls are the brainchild of Hong Kong-born, Dutch-raised designer Kasing Lung, and are sold by the Chinese toy company Pop Mart. It was originally released 10 years ago as part of Lung’s story series, The Monsters; however, they finally gained attention in the past year, along with other collectible toys and charms, and dolls like Jellycats, Sonny Angles, and other surprise boxes offered by Pop Mart.

The rise of these furry monster-looking dolls has now made the CEO of the Chinese toy company, the 10th richest man in China, and has led to the halt of offline stores in countries like South Korea and the United Kingdom. The company’s Korean branch announced on its Instagram story.

"Due to concerns raised over potential safety incidents at offline sales locations, and with the safety of our customers as our top priority, we have decided to temporarily suspend the offline sales of all Labubu plush dolls and Labubu plush keyring series."

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