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 human-sized Labubu figure sold for 1.08 million yuan (£111,000) at auction on Tuesday, setting a new record for the "blind box" toy as it moves from craze to collectable. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.