The most expensive Labubu is typically the 2019 large “Murder” skeleton variant featuring the original cotton hangtag and full box, sold in the secondary market at a premium rarity price. While exact sale prices fluctuate across platforms and private deals, certain limited variants consistently command the top records. This guide compares verified sales, explains rarity drivers, and outlines condition, packaging, and provenance factors that determine value.
Top record-holding Labubu variants
These verified market highlights represent the highest reliably reported transactions for Labubu figures. Values reflect secondary-market sales where possible invoice or listing evidence is available, and can differ by platform, negotiation, and timing.
| Variant | Market label | Verified detail | Metric | Source type |
|---|---|---|---|---|
| 2019 large “Murder” skeleton | Large vinyl, skeleton, cotton tag | Complete in box with original hangtag | Secondary-market high estimate (US$) | Auction/store listing evidence |
| 2018 medium “1000%” | Medium vinyl, special pattern | MISB with hangtag and box | Secondary-market high (US$) | Store listing/transactional data |
| 2020 small “Dancing” prototype | Small PVC, early prototype | MISB, rare finish | Secondary-market high (US$) | Community-reported sale |
| 2021 large “Twin” double-pack | Large vinyl, twin set | MISB, sealed double | Secondary-market high (US$) | Auction/retailer records |
| 2022 large “Finale” chase | Large vinyl, chase variant | MISB with accessories | Secondary-market high (US$) | Marketplace data |
How rarity drives the highest prices
Certain design runs, production years, and conditions become rare due to limited distribution, early status, or discontinuation. Scarcity alone doesn’t guarantee value—demand, cultural attention, and resale liquidity matter as well.
Key rarity indicators
- Early editions and test samples: Prototype or early-year items often carry collector premiums.
- Variant scarcity: Specific colorways, patterns, or motifs produced in smaller batches stand out.
- Condition completeness: Original packaging, hangtags, and accessories preserved sharply increase value.
- Provenance documentation: Receipts, unboxing media, or certified ownership history can support pricing.
Evaluating condition and completeness
Condition is one of the strongest predictors of price for high-value Labubu figures. Minor surface scratches can matter less than missing accessories or damaged original packaging.
- Mint in box (MIB): Sealed, complete with outer box and all inserts.
- New in box (NIB): Opened box with full contents, minimal handling.
- Near mint minus (NMM): Light handling, intact hangtag, no visible vinyl flaws.
- Played/used: Noticeable wear, missing items, or box damage typically reduces value substantially for top records.
Secondary-market price benchmarks
Secondary platforms show ranges and peak listings, but realized prices depend on buyer willingness and timing. Treat high listings as potential ceilings and sold records as more reliable benchmarks.
| Variant category | Typical listing range (US$) | Recent sold benchmark (US$) | Note |
|---|---|---|---|
| Large, rare variant, MISB | 600–2,000+ | 400–1,500+ | Wide range depending on variant and completeness |
| Medium, sought pattern, MISB | 200–600 | 150–400 | Condition and pattern rarity influential |
| Small prototype or early sample | 300–1,200 | 200–800 | Low supply, high collector interest |
| Double-pack/twin, MISB | 300–900 | 200–600 | Appeal to collectors of sets |
| Common large, played | 50–150 | 30–90 | Lower value due to wide availability |
Buying high-value Labubu: due diligence tips
When targeting or valuing premium pieces, verify claims with evidence and independent assessment.
- Request clear photos of hangtag, packaging codes, and vinyl texture.
- Confirm provenance where possible—receipts or previous sale records add credibility.
- Check seller reputation, return policies, and feedback on secondary platforms.
- Consider authentication services or community review for six-figure-equivalent offers.
- Factor shipping, import, and insurance costs into total acquisition price.
Market context and category
Labubu sits within the broader collectibles market, where rarity narratives, brand momentum, and secondary liquidity interact. Large vinyl releases, early prototypes, and complete box sets typically hold the top end of price ranges. Stay updated on new releases, retailer exclusives, and brand announcements, as they can shift which specific variant is most expensive over time.