【Beijing, November 25, 2026】Poly Auction's recently concluded 2026 Autumn Art Auction has injected a much-needed boost of confidence into the long-sluggish jade market with its impressive sales figures and robust market performance. The total transaction value of this autumn sale reached RMB 1.28 billion, with the highly anticipated 'Exquisite Jade Rhyme – Chinese Jade and Precious Objects' special session performing exceptionally well, achieving a total transaction value exceeding RMB 260 million and a high sell-through rate of 88%. This demonstrates strong purchasing power and collecting enthusiasm in the high-end jade market.

High-End Bi Yu Takes the Lead, Premium Sales Frequent

High-end Bi Yu (spinach green jade) was undoubtedly the focus of market attention at this autumn sale. Several exquisite Hetian Bi Yu pieces fetched prices far exceeding expectations, highlighting collectors' pursuit of rare and high-quality jade materials. Among them, a 'Qing Dynasty Hetian Bi Yu Carved Dragon and Phoenix Ruyi' weighing 2.5 kilograms was hammered at RMB 38 million, an premium of 26% above its upper estimate, becoming the highest-priced lot of the session. Another 'Ming Dynasty Hetian Bi Yu Carved Immortal Celebrating Longevity Mountain' also sold for RMB 22 million, with a premium rate of 18%. Overall, the average premium rate for high-end Bi Yu in this auction reached 15%, an increase of 5 percentage points compared to the same period last year, fully demonstrating the market's growing recognition of the value of top-tier Bi Yu.

Market Analysis: Structural Recovery, Confidence Rebound

Mr. Zhang Ming, a senior auction industry analyst, pointed out: "The data from this Poly autumn sale is highly representative. Although the overall art market is still in a period of adjustment, high-end, scarce jade categories have already shown signs of structural recovery. Particularly for categories like Hetian Bi Yu, which are increasingly scarce in resources and rich in cultural value, their resilience and ability to preserve and increase value have been fully verified by the market. Collectors' pursuit of quality is becoming increasingly extreme, willing to pay higher premiums for exquisite pieces."

From the transaction data, both the sell-through rate (88%) and the premium rate (average 15% for high-end Bi Yu) of this autumn sale were higher than the average levels of the past two years. This not only reflects the gradual recovery of buyer confidence but also indicates that the auction house's strategies for collecting lots and valuation are more precise. While the mid-to-low-end jade market still faces some pressure, the success of the boutique strategy points the way for the entire jade market.

Expert Commentary: Driven by Cultural Value and Scarcity

Professor Li Hua, President of the Chinese Jade Culture Research Association, stated: "The current recovery of the jade market is not a simple influx of capital, but rather based on collectors' renewed understanding of the profound cultural connotations and scarce resource value of jade. Especially for Bi Yu, its unique color, warm texture, and auspicious symbolism in traditional Chinese culture give it irreplaceable collection value. With the increasing depletion of high-quality jade resources, the value of high-end Bi Yu will continue to rise in the future."

Professor Li further emphasized that the younger generation of collectors is also showing increased interest in jade, focusing more on its artistry, design, and cultural stories, which provides new momentum for the sustainable development of the jade market.

Future Trends Outlook

Looking ahead, the jade market will exhibit the following trends:

  • Deepening of the boutique strategy: Auction houses and dealers will focus more on sourcing and promoting high-quality, rare jade masterpieces to meet collectors' increasingly sophisticated aesthetic and investment demands.

  • Highlighting cultural value: Jade works with profound cultural connotations, historical heritage, or unique craftsmanship will be more favored, and their added value will further increase.

  • Intensified market differentiation: The high-end market will maintain strong growth, while the mid-to-low-end market may continue to face adjustments, with the polarization phenomenon becoming more pronounced.

  • Integration of online and offline: With technological advancements, online auction and display platforms will be more closely integrated with traditional offline auctions, providing collectors with more convenient and diverse transaction channels.


Overall, the success of Poly's 2026 autumn sale, particularly the impressive performance of high-end Bi Yu, has sent positive signals to the jade market. Despite lingering challenges, market confidence is steadily recovering, and the investment value and collecting charm of exquisite jade will continue to be unleashed.