【Hangzhou, November 15, 2026】The highly anticipated Xiling Yinshe 2026 Autumn Auction concluded successfully yesterday. The 'Jijin Leshi—Ancient Jade Session' performed exceptionally well, achieving a total turnover of RMB 185 million, with an impressive sell-through rate of 89.5%, significantly exceeding market expectations. This auction result not only reflects the continued pursuit of high-quality ancient jades by collectors but also signals a positive recovery in the overall jade market.
This ancient jade session presented a total of 126 carefully selected lots, covering various jade artifacts from the Neolithic period to the Ming and Qing dynasties. Among them, several high-ancient jades stood out, becoming the focal point of the entire sale. The leading lot was a 'Warring States Period Celadon Jade Dragon-shaped Pendant.' This pendant, with its warm jade texture and exquisite craftsmanship, depicted a powerful and vivid coiled dragon. After multiple rounds of fierce bidding, it was finally hammered at RMB 38 million, far exceeding its pre-sale estimate of RMB 25 million, an impressive premium rate of 52%. Another 'Western Han Dynasty White Jade Chi Dragon-patterned Bi' also fetched a high price of RMB 22 million, with its delicate jade quality and intricate patterns winning the favor of collectors.
In terms of data, the sell-through rate of this ancient jade session reached a five-year high, increasing by 11.5 percentage points compared to the 78% in the 2025 autumn auction, and the total turnover also increased by 25% year-on-year. Notably, all high-end lots estimated above RMB 5 million were successfully sold, indicating strong investment confidence from top collectors in exquisite ancient jades.
Market Analysis and Trend Prediction:
Mr. Li Ming, a senior jade market analyst, pointed out: "The success of this Xiling Yinshe autumn auction's ancient jade session is not accidental. It reflects that after several years of adjustment, the jade market is gradually returning to rationality and value. Collectors have a deeper understanding of jade, no longer blindly pursuing concepts, but focusing more on the historical, cultural, artistic value, and scarcity of jade. Especially high-ancient jades, with their irreplicable nature and profound historical heritage, have become hard currency, continuously sought after by high-end collectors."
Li Ming further analyzed: "In the coming years, we expect high-ancient jades and imperial jades to remain market hotspots. At the same time, with the rise of a younger generation of collectors, some Ming and Qing dynasty jades with unique aesthetics and cultural connotations, such as scholar's objects and display jades, will gradually see their market potential explored. However, overall, jade collection will pay more attention to authenticity, condition, and clear provenance, and the market will further develop towards specialization and refinement."
Expert Commentary:
Professor Wang, a renowned ancient jade appraisal expert and researcher at the Palace Museum, stated in an interview: "The ancient jade lots in this Xiling Yinshe autumn auction were of superior quality and clear provenance, offering rare collection opportunities for collectors. Especially the Warring States dragon-shaped pendant, its jade material, craftsmanship, and preservation condition all reached museum-grade standards, and fetching a high price is well-deserved. This indicates that the market's price support for ancient jades with true historical and artistic value is very strong, even showing strong resilience during economic fluctuations."
Professor Wang also reminded collectors: "Investing in ancient jades requires caution. It is essential to improve one's appreciation skills or seek professional help. Fakes and imitations flood the market, so do not be greedy for cheap prices. Choosing reputable auction houses and lots with clear provenance is key to mitigating risks."
1The success of this Xiling Yinshe autumn auction's ancient jade session undoubtedly injected a shot in the arm for the upcoming 2027 spring auction market, signaling a more active and healthy period for the jade collection market.