Beijing, May 20, 2026 – Poly Auction's 2026 Spring Art Auction concluded successfully yesterday, with the highly anticipated Jewelry and Jadeite session performing exceptionally well, as several high-end jadeite lots set new transaction records. The total transaction value of this spring sale reached RMB 1.85 billion, with a high sell-through rate of 82.3%, indicating a strong recovery trend in the art market, especially in the high-end jewelry and jadeite sector.
The undisputed highlight of this auction was Lot 3008, an 'Imperial Green' natural jadeite bangle. With its ultimate translucency, vibrant color, impeccable texture, and rare imperial green hue, the bangle attracted widespread attention from global collectors during the preview. Ultimately, after several rounds of fierce bidding, the bangle was hammered down at an astronomical price of RMB 180 million, far exceeding its pre-sale estimate of RMB 120 million, with a premium rate of 50%. This not only made it the 'star lot' of the auction but also set a new auction record for jadeite bangles in the past three years, once again confirming the scarcity and value appreciation potential of top-tier jadeite in the global collecting community.
In addition to the 'Imperial Green' bangle, Lot 3015, an 'Icy Green' jadeite bangle, also performed remarkably, fetching RMB 65 million, a 30% increase from its estimate of RMB 50 million. Furthermore, several other high-quality jadeite pendants, necklaces, and earrings were all sold above their estimates, with the overall jadeite sector accounting for nearly 60% of the total transaction value of the jewelry session, and an average premium rate of 28.5%.
Li Ming, a veteran auction industry journalist, commented: "The excellent performance of the jadeite sector in this Poly Spring Sale clearly conveys the market's continuous pursuit of rare and high-quality jadeite. Against the backdrop of increasing global economic uncertainty, top-tier jadeite, as a hard currency and luxury investment, its safe-haven attributes and collection value are becoming increasingly prominent. Especially jadeite of the 'Imperial Green' caliber, its extremely limited existence means that every appearance in an auction will inevitably attract high attention from collectors."
Wang Qiang, a jadeite market analyst, pointed out: "From the auction data, the high-end jadeite market shows a 'two-tier' trend. On the one hand, top-tier categories such as Imperial Green and Icy Green continue to set new price records, with a stable buyer base mainly concentrated in Asia, especially wealthy collectors in Greater China and Southeast Asia. On the other hand, the mid-to-low-end jadeite market performed flatly, even experiencing price stagnation. This indicates that collectors are paying more attention to the rarity, craftsmanship, and cultural connotations of jadeite when choosing, rather than blindly following trends. In the future, we expect this trend to deepen, and high-quality, storied, and historically significant jadeite will be more competitive in the market."
The success of this auction not only brought substantial results for Poly Auction but also injected a strong boost into the entire art market. Industry insiders generally believe that with the gradual global economic recovery and the demand for diversified wealth allocation among high-net-worth individuals, the high-end jewelry and jadeite market will continue to remain active and is expected to usher in new growth peaks in the coming years. However, for ordinary investors, entering the high-end jadeite market still requires caution, and professional appraisal skills and accurate grasp of market trends are crucial.