【Hangzhou, November 25, 2026】Xiling Yinshe 2026 Autumn Auction concluded successfully yesterday, achieving a total turnover of RMB 580 million, with a sell-through rate of 78.5%. Against a backdrop of a slightly cautious overall market, the contemporary jade carving special session performed exceptionally well, becoming the 'stabilizing force' of this autumn auction. It not only bucked the trend but also signaled positive market sentiment towards high-quality art investment.
The autumn auction featured ten special sessions, among which the 'Contemporary Jade Carvings · Masterpieces' session stood out with a total turnover of RMB 120 million and a sell-through rate of 92.3%. This represents an 18% increase in turnover compared to the same session last year, far exceeding market expectations. Many exquisite jade carving lots saw fierce bidding and repeatedly achieved excellent results.
Regarding the highlight lots, 'Bi-Jade Thin-Walled Vase · Cloud and Water Zen Heart' by Chinese jade carving master Wu Yuanquan sold for a high price of RMB 18.5 million, significantly surpassing its estimated price of RMB 12 million, with a premium rate as high as 54%. The piece, with its exquisite thin-walled craftsmanship, warm bi-jade material, and profound artistic conception, attracted eager competition from collectors. Another piece, 'Hetian Jade Seed Material Handpiece · Asking the Boy Under the Pine' by young jade carving artist Li Mingjie, sold for RMB 8.2 million, setting a new auction record for his personal works and demonstrating the market's recognition of the new generation of jade carving talent.
Mr. Lu Ming, Executive Director and General Manager of Xiling Yinshe Auction Co., Ltd., stated in an interview: “The success of the contemporary jade carving session in this autumn auction fully validates our judgment of market trends. During periods of economic cycle adjustment, scarce resource-based artworks with high quality, cultural connotations, and artistic value become even more prominent in their ability to preserve and increase value. Contemporary jade carvings, in particular, possess irreplaceable advantages in terms of material scarcity, unique craftsmanship, and cultural heritage, and are gradually becoming a new favorite in art investment.”
Market analysts point out that the strong performance of contemporary jade carvings in this autumn auction was not accidental. In recent years, with the transformation of China's economic structure and the enhancement of cultural confidence, the high-end art consumption group has grown steadily. Their understanding and appreciation of traditional cultural art have continuously improved, leading to higher demands for the artistry, craftsmanship, and innovation of jade carving works. At the same time, the increasing scarcity of jade raw materials provides a solid value support for high-quality jade carving works. Furthermore, the auction house's meticulous efforts in soliciting lots, academic curation, and market promotion have also played an active role in discovering the value of contemporary jade carvings and facilitating their market circulation.
Senior jade market analyst Mr. Zhang Hua commented: “The sale price of Master Wu Yuanquan's work exceeding ten million yuan is not only an affirmation of his personal artistic achievements but also a significant boost to the confidence in the contemporary jade carving market. The outstanding performance of young artist Li Mingjie's work, on the other hand, indicates that the contemporary jade carving market will show a diversified development trend in the future, with more innovative and uniquely styled young talents gaining market attention. It is expected that in the next two years, the contemporary jade carving market will continue to maintain steady growth, the value of exquisite jade carvings will be further highlighted, and the return on investment is expected to outperform the broader market.”
Looking ahead, Xiling Yinshe will continue to deeply cultivate the field of contemporary jade carving, dedicating itself to discovering and promoting more excellent jade carving artists and their works, providing collectors with higher quality collection choices. The success of this autumn auction has undoubtedly injected a strong shot in the arm for the upcoming 2027 spring auction, indicating that the art market is expected to usher in a more active and healthy cycle.