A rare, first-generation Labubu figure has sold for $150,000 in Beijing at an auction held exclusively for the toys that have taken the world by storm.

A life-size Labubu figure has been sold in China for more than $170,000, a record for the highly sought-after toothy monster toy boosted by celebrities.

A Beijing auction house sold a human-sized Labubu figure for 1.08 million yuan ($150,275.51) on Tuesday, setting a new record for the "blind box" toy as it moves from craze to collectible. The event held by Yongle International Auction,