Beijing, May 20, 2026 – The highly anticipated Poly 2026 Spring Art Auction concluded successfully today. The total transaction volume of this spring auction reached an impressive RMB 2.85 billion, marking a 12.5% increase compared to the same period last year, with a remarkable sell-through rate of 83.7%. This demonstrates a strong recovery and steady growth in the art market, particularly in the high-end collectibles sector. The jadeite jewelry segment performed exceptionally well, with several rare jadeite bangles achieving outstanding results, becoming the focal point of this auction.
The auction featured over 2,000 carefully selected lots, covering various categories such as Chinese paintings and calligraphy, antiques and rare treasures, modern and contemporary art, and jewelry and watches. In the jewelry special, jadeite bangles undoubtedly served as the market's 'hard currency'. Among them, an exquisite jadeite bangle named 'Imperial Green Full Circle Bangle' fetched an astonishing price of RMB 180 million, far exceeding its pre-auction estimate of RMB 120 million, with a premium rate of 50%. It became the highest-priced lot of this auction. The bangle's rich and pure color, excellent translucency and texture, fine craftsmanship, and perfect shape sparked fierce bidding on-site, ultimately acquired by an anonymous Asian collector.
Additionally, another 'Icy Jadeite Bangle with Vibrant Green' was sold for RMB 68 million, an increase of 36% from its estimated price of RMB 50 million. A total of 28 jadeite bangles were offered in this auction, with a total transaction volume of RMB 450 million and a high sell-through rate of 92.8%. The average selling price per bangle reached RMB 16.07 million, fully demonstrating the scarcity and value appreciation potential of top-tier jadeite in the global collecting community.
Market Analysis and Trend Forecast:
Ms. Li Ming, Head of Poly Auction's Jewelry Department, stated: "The outstanding performance of jadeite bangles in this spring auction once again confirms the resilience and vitality of the high-end jadeite market. Amid increasing global economic uncertainties, rare and high-quality jadeite, due to its unique oriental aesthetic value and stable investment attributes, has become a preferred asset allocation choice for collectors. We have observed that collectors' aesthetic standards for jadeite are increasingly high, with more stringent requirements for translucency, color, craftsmanship, and historical provenance. In the coming years, we anticipate that prices for top-tier jadeite will continue to rise steadily, especially for those pieces with scarcity, cultural connotations, and perfect condition."
Mr. Zhang Hua, a senior jade market analyst, pointed out: "The data from this Poly Spring Auction sends a clear signal: the high-end jadeite market has entered a relatively mature and stable growth cycle. Unlike the 'speculation' seen in some categories in previous years, the current growth in the jadeite market is more based on its intrinsic value and scarcity. 'Imperial Green', 'Glassy Jadeite', and other top-tier jadeite resources are increasingly scarce, driving their market value continuously upward. At the same time, the younger generation of collectors' identification with jadeite culture is also strengthening, injecting new vitality into the market. In the future, the improvement of branding, customization, and traceability systems will further promote the healthy development of the jadeite market."
Expert Commentary:
Professor Wang Liping, Vice President of the Gems & Jewelry Trade Association of China, believes: "Poly Auction, as an industry barometer, its transaction data holds significant reference value. The excellent results of jadeite bangles this time not only reflect the market's pursuit of rare resources but also demonstrate collectors' ultimate pursuit of quality. In the current market environment, when investing in and collecting jadeite, one should focus on its rarity, perfection, and cultural added value. Blindly following trends or pursuing low prices often makes it difficult to achieve ideal returns. We advise collectors to acquire more professional knowledge or seek guidance from professional institutions."
Overall, the successful conclusion of Poly 2026 Spring Auction, particularly the outstanding performance of the jadeite bangle segment, has instilled confidence in the art market. It not only showcases the strong purchasing power of the Chinese art market but also foreshadows that high-end collectibles, especially rare jewelry and jadeite, will continue to be a highly attractive investment haven in the future.