Labubus are a global sensation — sparking long lines outside toy stores, selling out online within minutes, and listing for double or triple their original price on resale markets. Here's why.

In the U.S., one Labubu blind box retails for $27.99. But high demand often drives resale prices much higher. On eBay, a rare secret Chestnut Cocoa Labubu can fetch over $149.

It's a plush doll. It's a bag charm. It's a collectible that recently sold for six figures. But no, this wildly popular creature isn't a Gremlin or one of the monsters in Maurice Sendak's children's ...