Beijing, November 15, 2026 – The highly anticipated Poly Auction 2026 Autumn Art Sale concluded successfully yesterday. The total transaction value of this autumn auction reached RMB 1.85 billion, with a remarkable sell-through rate of 82.3%. Notably, the high-end Bi Yu (spinach green jade) section performed exceptionally well, becoming the highlight of the auction and demonstrating the market's continued pursuit of high-quality jade and a resurgence of confidence.
This autumn sale featured two specialized jade sessions, covering archaic jade, Ming and Qing dynasty jade, and contemporary jade carvings. Among them, the “凝翠流光—Important Bi Yu Jade Treasures” (Condensing Green Radiance – Important Bi Yu Jade Treasures) special session garnered significant attention. This session presented 45 pieces of high-end Bi Yu jade, with 38 pieces successfully sold, achieving a high sell-through rate of 84.4%. The total transaction value reached RMB 125 million, an increase of 18.7% compared to the Bi Yu jade session in the same period last year.
Several heavyweight lots set new transaction records in the Bi Yu jade market. Among them, a Qing Dynasty Qianlong period “Bi Yu Jade Carved Beast Knob Square Seal” was hammered at RMB 28 million, far exceeding its pre-sale estimate of RMB 18 million, with a premium rate of 55.6%. This square seal boasts superior material, fine and warm jade quality, exquisite craftsmanship, and a grand, regular shape, fully embodying the highest standards of imperial jade during the Qianlong period. Another masterpiece by contemporary jade carving master Mr. Zhang Deming, the “Bi Yu Jade Carved ‘Mountain and Water Clear Sound’ Ornament,” sold for RMB 15 million, setting the highest auction record for a contemporary Bi Yu jade ornament. This work skillfully utilizes the natural colors and textures of Bi Yu jade to vividly depict the artistic conception of mountains and rivers, showcasing the innovation and inheritance of contemporary jade carving art.
Mr. Li Ming, head of Poly Auction's Jade Department, stated in an interview: “The outstanding performance of high-end Bi Yu jade in this autumn sale once again confirms the resilience and collection value of top-tier jade. Against the backdrop of a gradually stabilizing macro economy, collectors' enthusiasm for investing in rare, high-quality artworks is steadily recovering. Especially those Bi Yu jade masterpieces with clear provenance, exquisite craftsmanship, and cultural connotations are being re-evaluated and recognized by the market.”
Ms. Wang Li, a market analyst, pointed out that the strong performance of the Bi Yu jade section in this Poly autumn sale indicates that the jade market is emerging from its previous adjustment period and entering a phase of steady recovery. She believes that the upward trend of high-end Bi Yu jade can be attributed to several factors: firstly, the increasing scarcity of high-quality Bi Yu jade resources, especially top-grade materials like 'spinach green' from Xinjiang Hetian jade, whose market supply continues to decrease; secondly, as collectors' understanding of jade culture deepens, their aesthetic appreciation and connoisseurship of jade are also improving, leading them to prefer collecting masterpieces with artistic and historical value; finally, some high-net-worth individuals regard jade as an important component of their asset allocation, valuing its preservation and appreciation attributes.
Looking ahead, industry experts generally believe that the jade market will exhibit a polarized trend. On the one hand, ordinary jade products will continue to face some market pressure; on the other hand, high-end jade, represented by premium Bi Yu jade, will continue to see its value rise. Collectors are advised to pay more attention to jade quality, craftsmanship, cultural connotations, and the rarity of works when investing in jade, avoiding blind speculation to achieve better collection returns.