Wang Jian and Li Jing (above) have each earned acclaim for their work in crafting traditional fans. Fans that have good craftsmanship and intricate designs are highly sought after by collectors and can cost tens of thousands of yuan.[Photo by Gao Erqiang/ China Daily]
In China, folding fans are hardly ever meant as a means to cool oneself down. There is a strict set of rules on how to unfurl, hold and wave a folding fan. The side of the fan cover that features painting or words, for example, must always face the outside for others to see.
"A folding fan is like a name card. People can learn about its owner just by looking at the signatures on the fan. Factors such as the person who constructed the ribs of the fan, the artist who painted on your fan cover all determine the sort of the person you are. It is kind of like today's social networks, except this takes the form of a material object," says Wang.
The latest craze for literati's fans occurred in 2005, the same year Huang Tiancai, an avid collector from Taiwan, organized an auction in Beijing and sold his entire collection of 232 folding fans for a whopping 22.5 million yuan.
The sensational event has since given a massive boost to the popularity of folding fans, which used to have little clout in the antique collection world. The auction is also believed to have renewed interest in the collection of such fan ribs. A year later, a fan rib that is believed to date back to around the 18th century, sold for a record price of 121,000 yuan at another auction.
"People have started to rediscover the value of folding fans, but I don't think they truly understand it yet," says Wang.
As antique fans are scarce, investors began to eye newly-made ones instead, believing that their value would appreciate through time, just like China's aged pu'er tea and eaglewood, or agarwood.
While the prices of folding fans vary greatly from several yuan to several million yuan, those that are priced above 100 yuan have generally seen a general double-digit percentage growth in their value. Factors that affect the price of a fan range from the materials used for ribs－usually ivory, wood and bamboo－to the reputation of its maker.
"Wang Jian's fans are definitely the most pricey. Usually, it's out of the reach of common retailers and buyers," says a fan shop owner in Suzhou, who adds that while the premium folding fans are the ones that have always dominated the spotlight, there is a growing "middle class" in the scene who are willing to pay several hundred yuan for a mediocre fan "to play with".