I brought a Labubu to my office white elephant gift exchange and it was absolutely the quickest item to get locked in.
When you think about it, this item hits the mark for being a white elephant gift because it is desirable and also something people don't want to spend their own money.
It's a toy so there's very little utility from owning one. I'm curious how often the owner will think about their Labubu in a year from now. I suspect they will either have a large collection or have gotten rid of it.
I recently went to my local mall and was fascinated at how popular Asian collectible merchandise is. There were about 4-5 stores that all sold the same kinds of toys and blind boxes.
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