【Beijing, May 18, 2026】The highly anticipated Poly Auction 2026 Spring Sale concluded successfully yesterday, with the 'Condensing Emerald Radiance – Important Bi-Yu Jadeite Masterpieces' special session performing particularly well, once again confirming the strong growth momentum in the high-end Bi-Yu jadeite market. The total transaction value for this session reached an impressive RMB 185 million, with a sell-through rate of 92.5%, significantly exceeding market expectations and demonstrating collectors' continued pursuit of top-tier Bi-Yu jadeite.
This Bi-Yu jadeite session featured 120 meticulously selected lots, covering various categories such as Qing Dynasty imperial Bi-Yu jadeite artifacts, contemporary master jade carvings, and high-quality Bi-Yu jadeite roughs. Among them, a 'Bi-Yu Jadeite Carved Nine-Dragon Washer' from the Qianlong period of the Qing Dynasty was hammered at RMB 38 million, a 25% premium over its upper estimate, becoming the highest-priced lot of the session. Another piece, 'Bi-Yu Jadeite Mountain Carving 'Seeking Wisdom Under Pine Trees'' created by contemporary jade carving master Mr. Zhang, also fetched RMB 15 million, setting a new auction record for the artist's personal works.
From the transaction data, several significant characteristics emerged in this auction: Firstly, high-quality, rare Bi-Yu jadeite remains the market's focal point. Multiple lots estimated over ten million RMB were sold at high premiums, indicating strong demand from collectors for top-tier Bi-Yu jadeite that combines material quality, craftsmanship, and historical value. Secondly, the market recognition for contemporary master jade carvings continues to improve. Younger generations of collectors show keen interest in innovative and artistic contemporary works, driving their prices to steady increases. Lastly, the Bi-Yu jadeite rough section also performed well, with several high-quality pebble and mountain materials selling above their estimates, reflecting market attention to upstream resources.
Li Ming, a senior auction industry analyst, stated: "The success of Poly's Bi-Yu jadeite session is not accidental. In recent years, with increasing global economic uncertainties, art and rare gemstones have become increasingly attractive as tools for value storage and asset allocation. Bi-Yu jadeite, with its warm texture, rich colors, and profound cultural heritage, is an important component of traditional Chinese cultural collecting. Especially Xinjiang Hetian Bi-Yu jadeite, its resource scarcity determines its long-term investment value."
Professor Wang, Vice President of the China Jade Culture Research Association, also pointed out: "The results of this auction send a positive market signal. The collector base for high-end Bi-Yu jadeite is expanding, including not only traditional seasoned collectors but also an increasing number of young entrepreneurs and investors. Their aesthetic and value judgments for Bi-Yu jadeite are maturing, focusing more on the cultural connotations, artistic expression, and inheritance value of the works. In the future, we anticipate that the high-end Bi-Yu jadeite market will continue to maintain a steady upward trend, especially for exquisite pieces with clear historical provenance, from renowned masters, or possessing unique artistic styles, which hold immense appreciation potential."
Looking ahead, with the revival of traditional Chinese culture and the continuous growth of national wealth, Bi-Yu jadeite, as a treasure of the Chinese nation, will see its market value further explored. Auction houses and jade dealers should continue to cultivate the market, discover more promising Bi-Yu jadeite masterpieces, and at the same time strengthen market education and cultural promotion to guide collectors towards rational investment, jointly promoting the healthy and sustainable development of the Bi-Yu jadeite market.