Poly 2026 Spring Auction: High-End Bi Yu Leads, Market Confidence Significantly Recovers

【Beijing, May 18, 2026】Poly Auction's recently concluded 2026 Spring Auction, with its impressive transaction data and market performance, has injected a strong boost of confidence into the long-dormant jade market. The total transaction volume of this spring auction reached RMB 1.28 billion, with a success rate of 83.5%. The high-end Bi Yu (green jade) sector performed particularly well, becoming the focal point of the auction.

This spring auction presented nearly 2,000 lots, covering various categories such as calligraphy and painting, porcelain, antique curios, and jewelry and jadeite. Of particular note was the jade special session, especially the high-end Bi Yu series, which attracted the attention of numerous collectors and investors. According to official data from Poly Auction, the total transaction volume of the jade special session in this spring auction reached RMB 350 million, an increase of 18.7% compared to the same period last year. Among these, Bi Yu lots contributed approximately RMB 180 million, accounting for 51.4% of the total transaction volume of the jade special session.

Several heavyweight Bi Yu lots exceeded expectations, further confirming the market's pursuit of high-quality jade. Among them, a Hetian Bi Yu mountain carving named “Mo Yu Cheng Xiang” (Auspicious Ink Jade), with its delicate texture, deep color, and exquisite craftsmanship, started at an estimated price of RMB 8 million. After multiple rounds of fierce bidding, it finally sold for RMB 18.5 million, with a premium rate as high as 131.25%. Another Bi Yu screen insert, “Fu Lu Shou Xi” (Good Fortune, Prosperity, Longevity, and Happiness), estimated at RMB 3.5 million, eventually sold for RMB 7.2 million, with a premium rate of 105.7%. The common characteristics of these high-priced Bi Yu lots are superior jade quality, exquisite craftsmanship, and auspicious themes, fully reflecting collectors' recognition of their artistic value and cultural connotations.

Market Analysis:

The success of this Poly Spring Auction, especially the strong performance of the high-end Bi Yu sector, indicates that the jade market is gradually emerging from its slump and entering a period of steady recovery. The main reasons are as follows:

• Macroeconomic Recovery: With the gradual recovery of the global economy, the investment confidence of high-net-worth individuals has increased. The art and collectibles market, as an important component of asset allocation, has also benefited.


• Scarcity Value Highlighted: High-quality natural jade resources are becoming increasingly scarce, especially precious varieties such as Hetian Bi Yu. Their non-renewable nature determines their long-term investment value. The market's pursuit of scarce resources is an important driving force behind the rise in high-end Bi Yu prices.


• Cultural Identity and Aesthetic Return: The warm and restrained, elegant and solemn qualities of Bi Yu conform to traditional Chinese aesthetics. In recent years, with the rise of “Guochao” (China Chic) culture, the younger generation's sense of identity with traditional jade culture has also increased, bringing new vitality to the Bi Yu market.


• Brand Effect and Professional Selection: Poly Auction, as a top auction house in China, provides confidence for collectors with its strict lot selection standards and professional market operation capabilities, attracting more high-quality lots and buyers.

Mr. Li Ming, a senior jade market analyst, stated: “The outstanding performance of the Bi Yu sector in this Poly Spring Auction is not accidental. It reflects the market's rigid demand for high-quality, scarce jade. In the current market environment, those Bi Yu masterpieces with pure jade quality, exquisite craftsmanship, and clear provenance will continue to be recognized by the market, and even show counter-cyclical growth. For investors, rather than blindly chasing short-term hot spots, it is better to focus on exquisite jade with profound cultural heritage and artistic value, which have greater potential for long-term preservation and appreciation.”

Looking ahead, with the continuous development of the Chinese economy and the enhancement of cultural confidence, the jade market, especially the high-end jade sector represented by Hetian jade, is expected to usher in broader development space. However, market differentiation will also become more obvious. Only those masterpieces that truly possess artistic and collection value can stand out in the fierce market competition and continue to maintain their unique charm and investment value.