Surelyeveryone has dreamed at least once of stepping into the shoes of the hero ofBlast from the Past: you unearth an old baseball card that has been gatheringdust in a box for years, and suddenly you become a millionaire. No investments,no risky bets on forex pairs like EUR/USD or GBP/USD, nospeculation on stock indices such as the S&P 500 or Dow Jones — justthe pure luck of keeping the right item and, voilà, instant wealth.Thatdream continues to inspire many people, who are constantly hunting forcollectibles, things that may not be cheap to buy today but could sell laterfor ten times (or more) their value. For a long time, LEGO sets were among themost popular and profitable items in this field. More recently, however,virtual items from Counter-Strike have taken their place.Thereare simpler options for those who don't want to immerse themselves in either ofthese worlds, such as toys. One of the most famous examples was Ty Inc.'sBeanie Babies. People sincerely believed that certain stuffed animals wouldbecome rare items and their value would skyrocket. In fact, some were resoldfor hundreds or even thousands of dollars, driven by artificial scarcitythrough limited production and the strategic withdrawal of certain models. Buteventually, thebubble burst, and today, most Beanie Babies are worth much less thanpeople expected. That story would have served as a lesson, but apparently, ithasn't.Recently,the Labubu toy became very popular, pushing the market capitalization of itsmanufacturer, Pop Mart, above $45 billion in July of this year. This is,although the previous year's revenue was only $1.8 billion and net profit was$439 million. But after peaking in late August, Pop Mart's stock began to fallas interest in Labubu toys cooled.The company's situationdid not improve when JPMorgan Chase & Co. downgradedits shares to “neutral,” citing a lack of growth catalysts andexcessive valuation: “We believe the valuation is perfect and that any smallfundamental flaw or negative media news (e.g., falling resale prices andthird-party licensing) could lead to underperformance.”So, has the Labubu eracome to an end?If the proposals to imposestricter oversight of toys and surprise cards for children under eight —including age verification at the time of purchase and parental consent foronline purchases — actually become law in China, the impact on Pop Mart could beeven worse. In general, it seems clear that enthusiasm for these toys iswaning. Something new will have to take its place. This article was written by IL Contributors at investinglive.com.