Jadeite bangle achieves $5.85 million at Tiancheng International Jewellery and Jadeite Autumn Auction

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Jadeite bangle achieves $5.85 million at Tiancheng International Jewellery and Jadeite Autumn Auction
Auction room scene. Photo: Tiancheng International.

HONG KONG.- Tiancheng International Jewellery and Jadeite Autumn Auction 2019 realised excellent results today, totaling HK$ 108,048,000/US$ 13,852,308. Many lots were sold for remarkable prices and the jadeite section was particularly successful, achieving an impressive sold rate of over 90%.

Jadeite pieces were highly sought-after and achieved fantastic prices. The top lot was a Very Important Jadeite Bangle of exceptional quality and ample proportions. Bidding opened at HK$15 million and after a competitive bidding battle of 16 bids, the bangle was eventually sold to a telephone bidder for a spectacular HK$ 45,600,000/US$ 5,846,154, nearly doubling the pre-sale estimate. With its saturated emerald green colour, marvellous luminescence and elegant contours, this outstanding bangle exemplifies the very essence of Chinese culture and virtue.

Among the other magnificent jadeite pieces on offer, an Jadeite “Laughing Buddha” and Diamond Pendant achieved HK$ 19,200,000/US$ 2,461,538 after spirited bidding, clearly captivating the audience with his gentle smile and realistically depicted expression of calmness and benevolence. Coupled with the arresting sheen of the jadeite, the Buddha pendant demonstrates a seamless meld of impeccable workmanship and the spiritual quality of jade.

Wang Jie, Managing Director of Tiancheng International and Connie Huang, Head of Tiancheng International’s Jewellery Department, commented, “We are pleased with the excellent results today. The enthusiastic response reflects how our carefully curated sale of exquisite pieces appealed greatly to collectors. We witnessed enthusiastic bidding and a sold rate of over 90% for jadeite pieces, reaffirming the continuing strength of the jadeite market. We are particularly delighted that the top lot, an important jadeite bangle sold for HK$45.6 million, well above the pre-sale estimate. We would like to sincerely thank all our clients for their great support. In the past years, our client base has grown, validating our strategy of offering jewels of the highest quality and rarity. Our dedicated jewellery team looks forward to offering more exquisite pieces in our sales next year.”

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