LONDON — Could Labubu ‘s creator Kasing Lung be LVMH ‘s next Takashi Murakami-level artist?

That’s the question on people’s minds after Bernard Arnault , chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton, stopped by a Moynat event during Art Basel Paris to see the storied Parisian luxury bag-maker’s European launch of its hyped collaboration with Lung.

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In a picture later released on Lung’s Instagram, Arnault stood alongside the artist while carrying a 48H Mini bag bearing a bold Labubu motif from the collaboration. A lychee berry Labubu plush toy from Pop Mart’s “Exciting Macaron” series can be seen prominently attached to the bag.

The picture soon sent online spectators into a

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