Warring States Celadon Jade Bi Disc Sells for High Price: Ancient Jade Market Remains Robust, Premium Pieces Continue to Appreciate

BEIJING, March 4, 2026 – At Poly Auction Beijing's Spring Sale held today, a highly anticipated "Late Warring States Period Celadon Jade Bi Disc with Grain Pattern" hammered down for an impressive RMB 6,253,958. This figure significantly exceeded the lower end of its estimated range (RMB 3,459,175 - 6,918,351), reaching close to the upper estimate. The result once again confirms the strong demand and investment potential within the Chinese ancient jade market, particularly for high-ancient jade from the Warring States period.

This Warring States jade bi disc, cataloged as LOT 6519, attracted fierce bidding from numerous collectors and institutions due to its exquisite jade quality, meticulous craftsmanship, and profound historical and cultural significance. The auction outcome indicates that despite various global economic uncertainties, the market for top-tier artworks, especially the segment of Chinese ancient jade with its scarcity and cultural heritage, continues to demonstrate strong resilience against risk and significant room for value appreciation.

Market Analysis: The Unique Charm and Investment Value of High-Ancient Jade

The Warring States period was a golden age in the history of Chinese jade development. Jade artifacts from this era were not only crafted from superior materials with sophisticated techniques but also featured rich ornamentation and profound symbolism. The grain pattern, a classic motif on Warring States jade bi discs, with its full kernels, symbolizes bountiful harvests and vitality, reflecting the societal emphasis on agricultural production and aspirations for a prosperous life. This particular celadon jade bi disc, whether judged by its material selection, carving precision, preservation status, or clear provenance, stands out as a prime example among its peers.

In recent years, with the increasing maturity of collecting philosophies and growing cultural confidence, domestic collectors' awareness and acceptance of high-ancient jade have significantly improved. Compared to Ming and Qing dynasty jade, high-ancient jade possesses greater archaeological value and academic research significance due to its antiquity, rarity, and rich historical information. However, the difficulty of authenticating high-ancient jade is also relatively high, which makes pieces with clear provenance, excellent condition, and documented lineage more favored by the market, leading to their escalating value.

Market Outlook: Rational Investment and Value Reversion

The high price fetched by this Warring States jade bi disc is not an isolated incident but a microcosm of the overall trend in the ancient jade market. We observe several notable trends:

  • Focus on Premium Pieces: Market interest in ordinary collectibles has cooled, but competition remains intense for museum-quality pieces or those with significant academic value. Collectors are increasingly prioritizing the artistry, rarity, and historical value of their acquisitions.

  • Driven by Academic Research: As new archaeological discoveries emerge and academic research deepens, the cultural connotations and historical status of ancient jade are being re-evaluated, further enhancing their market value.

  • International Perspective: The allure of Chinese ancient jade is gradually being recognized by international collectors, and more international capital may enter this field in the future, promoting further market internationalization.

  • Technology-Assisted Authentication: With advancements in technology, such as the application of non-destructive testing techniques like X-ray fluorescence analysis and Raman spectroscopy in ancient jade authentication, the accuracy of identification will improve, boosting collector confidence and fostering healthy market development.


However, investors must also remain rational. The ancient jade market still faces risks such as rampant fakes and inflated valuations. It is advisable for collectors to thoroughly educate themselves on relevant knowledge, consult with experienced experts, and choose reputable auction houses and channels to mitigate investment risks.

Looking ahead, the Chinese ancient jade market will continue to advance steadily along paths of premiumization, academic rigor, and internationalization. Transmitted treasures like this Warring States celadon jade bi disc will see their value continuously realized as time progresses and cultural understanding deepens, serving as precious cultural symbols and investment assets connecting history with the contemporary.