China Guardian's 2026 Autumn Auction concluded successfully in Beijing on November 15th. The 'Treasures of Jade and Bronze' ancient jade special session stood out remarkably, achieving a total turnover of RMB 320 million and an impressive sell-through rate of 88.5%. This performance significantly exceeded market expectations, injecting a strong dose of confidence into the art market, which had been subdued for some time. The success of this autumn auction not only highlights the growing appeal of high-ancient jade in the collecting world but also signals a gradual recovery in the high-end art market.
The focus of this auction was undoubtedly several rare pieces of high-ancient jade. Among them, a Warring States period 'Grain Pattern Bi Disc' was hammered at RMB 85 million, reaching a final price of RMB 97.75 million including commission, making it the highest-priced lot of the sale. Starting at RMB 50 million, the piece was secured by an anonymous telephone bidder after multiple rounds of intense bidding. Its final price exceeded the upper estimate (RMB 60 million) by over 60%, fully demonstrating the market's strong pursuit of top-tier high-ancient jade. Another highlight, a Western Han Dynasty 'Chilong Dragon Pattern Jade Pendant,' also performed exceptionally, selling for RMB 38 million, an increase of over 50% from its estimate (RMB 25 million). Additionally, a Neolithic Liangzhu Culture 'Jade Cong' fetched RMB 22 million, showcasing the unique historical and cultural value of prehistoric jade.
Overall, the 'Treasures of Jade and Bronze' special session offered 120 ancient jade pieces, with 106 sold, achieving a high sell-through rate of 88.5%. The total turnover of RMB 320 million represents a 52.3% increase compared to the RMB 210 million achieved by a similar session in the 2025 Spring Auction, indicating strong growth momentum. Five lots sold for over RMB 10 million, and 35 lots sold for over RMB 1 million, with high-value items performing particularly well.
Market analyst Li Ming stated: "The success of China Guardian's autumn auction for ancient jade conveys several important market signals. Firstly, the scarcity and irreplicability of top-tier high-ancient jade make it an excellent choice for hedging against inflation and preserving/increasing asset value. Secondly, with the gradual recovery of the domestic economy and the increasing interest of high-net-worth individuals in cultural and art investments, the high-end collectibles market is undergoing structural adjustments and value re-evaluation. Lastly, the auction house's professionalism in consignment, academic research, and market promotion also laid the foundation for the success of this auction."
Senior jade appraisal expert Professor Wang also pointed out: "In this autumn auction, both the transaction prices and sell-through rates for high-ancient jade reached a five-year high. This indicates extremely high market recognition for ancient jade with clear provenance, excellent condition, and profound cultural connotations. Particularly, Warring States and Han Dynasty jade pieces, with their exquisite craftsmanship and unique stylistic features, hold an unshakeable position in the collecting world. We anticipate that the high-ancient jade market will continue to grow steadily in the coming years, with prices for exquisite jade pieces still having upward potential."
However, the market is not without its challenges. The performance of mid-to-low-end common jade pieces remained relatively stable, without significant increases. This suggests that buyers are more rational in their choices, preferring to invest in rare and artistically valuable masterpieces. Industry insiders advise collectors to focus on the provenance, condition, and cultural value of lots when entering the market, avoiding blind speculation.
In conclusion, the success of China Guardian's 2026 Autumn Auction for ancient jade not only instilled confidence in the art market but also pointed the way for future market development. As an important carrier of Chinese civilization, high-ancient jade's unique charm and investment value will continue to attract the attention of collectors worldwide.