Picasso? Don't know him. Rolex? Don't care. The hottest item on the collectibles market right now is a mischievous, sharp-toothed, gremlin-like little girl named Labubu. And yes, someone just paid $150,000 for one. That’s not a typo. As reported by CNN, at a recent auction in Beijing, a mint green, first-generation Labubu figure measuring a whopping 131 centimeters tall (that’s over four feet!) sold for 1.08 million yuan, or about $150,325. Let’s pause for effect: $150K. For a toy figure with a devilish grin and bunny ears. If you weren't convinced by now, Labubu is an icon, a legend — and she is the moment. Celebrities like BLACKPINK's Lisa, Rihanna, Dua Lipa, and even basketball star Dillon Brooks have sported Labubus clipped to their handbags and belt loops. Labubu is fashion's most playful accessory, a toothy vehicle for self-expression and the ultimate symbol of consumer culture. Created by Hong Kong illustrator Kasing Lung and mass-produced by Chinese toy powerhouse Pop Mart, La...