[Hong Kong, November 18, 2026] The Sotheby’s Hong Kong Autumn 2026 Auction concluded successfully yesterday, achieving a total turnover of USD 320 million, exceeding the pre-sale high estimate by 15%, with an overall sell-through rate of 88%. Among the highlights, the highly anticipated “Chinese Art Masterpieces” session stood out, with the ancient jade bi disc segment reaching USD 85 million in sales, becoming the focal point of this autumn auction. This result not only demonstrates the strong market demand for top-tier artworks but also injects new vitality into the global art market.
At this autumn auction, a Western Han Dynasty “Dragon and Phoenix Patterned Celadon Jade Bi Disc,” estimated between USD 15 million and 20 million, hammered at an astonishing USD 28.5 million, far surpassing the highest estimate and becoming the highest-priced lot of the sale. The jade bi measures 25 cm in diameter, with a warm, lustrous jade texture, exquisite carving, a large form, and intact condition. Its rarity and artistic value were highly recognized by collectors. Another piece, an Eastern Han Dynasty “Grain Pattern White Jade Bi Disc,” sold for USD 12.8 million, representing a 42% increase over its USD 7 to 9 million estimate. Statistics show that 35 ancient jade bi discs were offered this autumn, with 32 sold, achieving a sell-through rate of 91.4% and an average price of USD 2.65 million per piece, up 18% compared to the same period in 2025.
Market Analysis and Trend Insights:
Senior auction industry analyst Mr. Li Ming commented, “The outstanding performance of ancient jade bi discs at this Sotheby’s autumn auction is a clear signal of the ongoing recovery in the global art market, especially the Chinese art segment. After the adjustment period of 2023-2024, demand for top-tier artworks characterized by scarcity, well-documented provenance, and outstanding artistic value is increasingly robust. As an important carrier of traditional Chinese culture, ancient jade bi discs possess irreplaceable historical, cultural, and artistic significance, making them a preferred asset allocation choice for high-net-worth collectors.”
Data indicates a clear upward trend in prices for high-quality ancient jade bi discs, particularly for well-documented pieces with clear provenance, whose premium potential continues to expand. This reflects collectors’ increasingly cautious and rational investment decisions, favoring hard assets with long-term value preservation and appreciation potential. Meanwhile, the younger generation’s growing interest in traditional Chinese culture also injects fresh momentum into the ancient jade market.
Expert Commentary and Market Perspectives:
Mr. Qiu Guoshi, Chairman of Sotheby’s Asia, stated, “We are very pleased with the results of this autumn auction, especially the performance of the ancient jade bi disc segment, which exceeded expectations. This demonstrates the sustained recognition and enthusiasm of global collectors for Chinese ancient art. We observed active bidding participation from buyers across Asia, North America, and Europe, highlighting the market’s internationalization trend.”
Renowned jade connoisseur Professor Wang remarked, “The record-breaking prices for high-quality ancient jade bi discs at this auction not only affirm their artistic value but also recognize the profound cultural heritage of Chinese tradition. Moving forward, ancient jade bi discs with intact condition, exquisite craftsmanship, and rich cultural connotations will continue to be market hotspots. Investors should focus on core factors such as jade quality, craftsmanship, form, decoration patterns, and provenance integrity.”
Looking ahead, with the gradual global economic recovery and the continued wealth growth of high-net-worth individuals, the art market—especially the Chinese ancient art segment—is expected to maintain steady growth. As a key category, ancient jade bi discs will see their investment and collectible values further highlighted, with top-tier pieces projected to appreciate by 10%-15% over the next two years. However, market segmentation will become more pronounced, and ordinary categories or lots lacking clear provenance may face greater price pressure. Collectors are advised to evaluate carefully and invest prudently.