Beijing, May 20, 2026 – The highly anticipated Poly 2026 Spring Auction concluded successfully yesterday, with the 'Condensing Green Radiance – Important Hetian Jade and Jewelry' special session performing exceptionally well. This session featured 120 exquisite pieces, achieving a total transaction volume of RMB 380 million, with a remarkable sell-through rate of 92.5%, significantly exceeding market expectations. High-end Hetian jade, as the focus of this session, saw multiple pieces sold at high prices, once again confirming its strong momentum in the collectibles market.
Key Transaction Data Highlights:
In this Hetian jade special session, 35 exquisite Hetian jade pieces were offered, generating a total transaction volume of RMB 150 million, with a high sell-through rate of 97.1%. Notably, a 2.5 kg 'Qianlong Period Hetian Jade Carving of Immortal Mountain and Pavilion' was hammered at RMB 38 million, a 52% premium over its estimated price of RMB 25 million, making it the highest-priced lot of the session. Another piece, a 'Ming Dynasty Hetian Jade Carving of Chilong Dragon Washer,' sold for RMB 15 million, a 50% increase from its estimated price of RMB 10 million. In addition, several contemporary jade carving masters' Hetian jade works also performed well, such as Master Wu Jinxing's 'Hetian Jade Carving of Lotus Pond Serenity,' which sold for RMB 8.5 million, a 41.7% increase from its estimated price of RMB 6 million. Overall, the average transaction price of Hetian jade pieces increased by approximately 15% compared to the same period last year, indicating sustained market demand for high-quality Hetian jade.
Market Analysis:
The success of Poly's Spring Auction Hetian jade session further solidifies the core position of high-end Hetian jade in the jade collecting market. Analysts point out that there is strong current market demand for rare and artistic Hetian jade masterpieces. Firstly, the resources of high-quality Hetian jade are becoming increasingly scarce, especially 'spinach green' grade jade with fine texture and oily luster, whose collection and investment value continues to rise. Secondly, the inheritance and innovation of jade carving techniques add artistic value to Hetian jade works. The exquisite skills of contemporary jade carving masters breathe new life into Hetian jade, making it not just a堆砌 of raw materials, but a symbol of artistic taste. Thirdly, the uncertainty of the global economic situation has led more high-net-worth individuals to turn their attention to art and rare resources with potential for preservation and appreciation, and high-end Hetian jade undoubtedly fits this investment logic.
Expert Commentary:
Professor Li Ming, a renowned jade appraisal expert and Vice President of the China Jade Culture Research Association, stated in an interview: “The performance of Poly's Spring Auction Hetian jade session is inspiring. Especially that Qianlong period Hetian jade mountain carving, its excellent material and exquisite craftsmanship are rare in the market, and it is reasonable for it to fetch a high price. This reflects the market's high recognition of top-tier ancient jade. At the same time, the excellent performance of contemporary masterworks also shows that as long as Hetian jade works possess unique creativity and exquisite craftsmanship, regardless of age, they can win the favor of collectors. In the future, the high-end Hetian jade market will continue to show a steady upward trend, but collectors still need to pay attention to the quality of the jade material, the artistry of the carving, and the rarity of the work when investing.”
Trend Forecast:
Looking ahead, the high-end Hetian jade market is expected to remain active. As consumer interest in traditional culture and art collection grows, and as high-quality Hetian jade resources become further depleted, its value will continue to climb. We anticipate that within the next three years, the average annual growth rate of high-quality Hetian jade is expected to remain between 10% and 20%, especially for Hetian jade masterpieces with historical and cultural value or from renowned artists, whose appreciation potential will be even more significant. However, market differentiation will also intensify, with ordinary quality Hetian jade or works with mediocre craftsmanship likely to see relatively stable market performance. For collectors, in-depth market research, authenticating pieces, and selecting promising masterpieces will be key to success.