【Hangzhou, November 25, 2026】The highly anticipated Xiling Yinshe 2026 Autumn Auction concluded yesterday, with the 'Ancient Jade Session of Auspicious Metal and Joyful Stone' performing exceptionally well. The total sales reached RMB 185 million, with a high sell-through rate of 88.7%, significantly exceeding market expectations and injecting a strong boost into the currently somewhat sluggish art market.
This auction featured 120 exquisite ancient jade treasures, covering various jade artifacts from the Neolithic period to the Ming and Qing dynasties. Among them, high-ancient jades were undoubtedly the highlight of the session, with multiple lots selling for prices far exceeding their estimates, demonstrating collectors' pursuit of rarity and historical value.
Key Lot Transaction Data Overview:
* Warring States Period Jade Dragon and Phoenix Pattern Huang (Arc-shaped Pendant): This lot, with its exquisite craftsmanship and rare dragon and phoenix motifs, soared from an estimated RMB 8 million to a hammer price of RMB 22.5 million, an astonishing premium rate of 181.25%, becoming the highest-priced lot of the session. The buyer was a seasoned collector from Hong Kong.
* Neolithic Period Liangzhu Culture Jade Cong (Conical Tube): As a typical representative of Liangzhu culture, this jade cong was in excellent condition with clear carvings, ultimately selling for RMB 15.8 million, a 163.33% increase from its estimated RMB 6 million. The buyer was a well-known private museum in China.
* Western Han Dynasty Jade Bi (Disc) with Chi Dragon Pattern: This jade bi, with a diameter of 25 cm, possessed a warm jade texture and fluid patterns, selling for RMB 12 million, 140% higher than its estimated RMB 5 million.
* Shang Dynasty Celadon Jade Ge (Dagger-axe): Although a weapon, its fine jade quality and archaic form ultimately sold for RMB 6.8 million, a 126.67% increase from its estimated RMB 3 million.
* Ming Dynasty White Jade Carved Auspicious Beast Knob Seal: As a representative of Ming dynasty jade ware, this seal featured intricate carving and superior jade quality, selling for RMB 3.5 million, slightly above its estimated RMB 2 million by 75%.
Market Analysis and Trend Judgment:
The success of the Xiling Yinshe Autumn Auction's ancient jade session clearly conveys several market signals. Firstly, the value of high-ancient jades is being re-evaluated and recognized. After several years of market adjustments, collectors are showing immense enthusiasm for high-ancient jades with clear historical provenance, profound cultural connotations, and excellent condition. Their rarity, irreplicability, and the historical information they embody make them an excellent choice for hedging against inflation and preserving asset value.
Secondly, the collector base is becoming more professional and rational. Judging from the transaction results, there is less blind following of trends, and collectors are conducting more in-depth research on the historical background, craftsmanship, and provenance of lots before bidding. This indicates that the market is developing in a healthier and more mature direction.
Furthermore, the participation of international buyers and institutional collectors has increased. The active involvement of overseas buyers in this auction, especially in bidding for high-priced lots, demonstrates the growing appeal of Chinese ancient jade in the global art market.
Expert Commentary:
Professor Li Ming, Vice President of the China Jade Culture Research Association and a renowned jade appraisal expert, stated in an interview with our reporter: “The performance of Xiling Yinshe's ancient jade session is inspiring. The strong showing of high-ancient jades, in particular, confirms our previous judgment on market recovery. This is not only a reflection of capital flow but also an embodiment of cultural confidence and elevated collecting philosophy. In the coming years, we anticipate that exquisite high-ancient jades will continue to be a hot pursuit in the market, with their prices expected to rise steadily. At the same time, the market will remain cautious about lots of average condition or questionable authenticity, and the polarization trend will become more apparent. For general collectors, it is crucial to focus on learning and research, choosing jades with clear provenance, excellent condition, and significant cultural value for collection.”
The success of this Xiling Yinshe Autumn Auction's ancient jade session undoubtedly sets a positive tone for the 2027 art market, signaling a new phase of development for the Chinese ancient jade collecting market.