Why do more people buy more when it is more expensive? Sotheby s top auction gives birth to 50 mill

Mondo Collection Updated on 2024-01-29

In today's jadeite market, an eye-catching and interesting phenomenon has attracted widespread attention: that is, the higher the jadeite, the more sought after by people. This phenomenon is particularly prominent in major jewelry auctions, where high-quality jadeite often becomes the focus of contention, resulting in stunning jadeite prices.

In July 2022, at the Poly Hong Kong Jewelry Sale, a high-profile oneEmerald bead chainSold at a sky-high price of 50.4 million Hong Kong dollars. This jadeite bead chain has a total of 43 top-quality imperial green beads and is about 1359~11.42 mm. The diamonds are all natural A-grade buckle-set pear-shaped and round diamonds with harmonious shapes. On average, each bead is worth about 1.17 million, which is equivalent to a suite in a third- and fourth-tier city, which is unattainable. (as shown in the image below).

In addition, Sotheby's also gave birth to two tens of millions of jadeites at this auction, one of which isImperial Green Emerald SetIt is composed of 13 highly transparent large green eggs, and the necklace is inlaid with 10 egg-faced jadeites with a total weight of about 17693 carats, rings and earrings set with 3 cabochon jadeites weighing about 5477 carats, all set with diamonds, sold for 463550,000 Hong Kong dollars;

The other isThe best imperial green with the shape of the gourd pendantThe "Imperial Green" jadeite, diamond and coloured gemstone pendant is carved with a jadeite size of approximately 5700 x 22.00 x 11.15 mm with diamonds and back sapphires and rubies. Sold for 245750,000 Hong Kong dollars;

The birth of these sky-high jadeites can't help but make some jadeite friends wonder: why are there so many sky-high jadeites in such a downturn in the global economic environment?Some friends even think that "jadeite is cheaper now" and "the so-called price increase and appreciation are all speculation". This phenomenon seems to be somewhat contrary to our conventional thinking, after all, the higher the **, the more difficult it is for the average person to bear. However, this is not the case. What makes the jadeite market unique is its complexity and diversity. For some collectors and investors, jadeite is not only a luxury jewelry, but also a tool for investment preservation.

The scarcity of high-grade jadeite in the market is one of the reasons why its ** has remained high. They are well aware that high-quality jadeite resources are limited, and with the continuous development of the jadeite market, although there are a large number of low-grade jadeite in the market, there is a big gap between the quality of these jadeite and high-grade jadeite. The value of high-quality jadeite is bound to be **. Therefore, they are willing to pay a higher ** for these rare jadeites. For some ordinary consumers, although they can't afford the **jadeite**, they have infinite yearning and pursuit for high-quality jadeite.

In recent years, the ** of high-grade jadeite has actually been steady**, and it is no longer limited to "only Chinese play by themselves". Many of the above tens of millions of jadeite lots were auctioned by European collectors, which shows that jadeite has now entered the international market. All this is based on the excellent quality of jadeite.

Therefore, jadeite does not retain value, but only high-grade jadeite can maintain and appreciate its value. After all, the resources of high-grade jadeite are becoming more and more scarce, while the market demand is growing. For ordinary consumers, it may be more practical to buy low-end jadeite, but for consumers who pursue quality and uniqueness, high-grade jadeite is undoubtedly their first choice.

In this seemingly contradictory jadeite market, both collectors and ordinary consumers are expressing their love and pursuit of jadeite in their own way. And those scenes of competing for high-quality jadeite are just a part of this market.

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