They're All Dolled Up

Noted designers are creating the latest collectibles

Searching for an excuse to play with toys without looking like a case of arrested development? Meet the urban toys. Like regular toys, they come in all materials, sizes, shapes and prices, but they're created by fashion designers, graffiti artists and underground illustrator--graphic artists like Michael Lau and Pete Fowler, and produced in limited quantities. "They are as much art as they are toys," says Paul Budnitz, owner of Kidrobot, an urban-toy boutique with outlets in San Francisco and New York City. Budnitz, whose two brick-and-mortar stores opened within a year of each other in response to his highly successful website,...

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