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Christie’s winds down digital art department as its NFT marketplace faces doubt

Christie’s winds down digital art department as its NFT marketplace faces doubt

Photo: Christie’s Auction House

Christie’s closes its digital art department, folding sales into broader categories as the digital art market faces ongoing struggles.

by Estefano Gomez

1 min read

In NFTs

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Christie’s has shut down its digital art department, cutting staff including VP Nicole Sales Giles at the end of August, according to a report from Now Media. The auction house confirmed the move, saying digital works will now be sold within its 20th and 21st Century Art category.

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The changes follow the appointment of new CEO Bonnie Brennan in February and coincide with a downturn in the digital art market.

Christie’s, which helped spark the NFT boom with Beeple’s $69 million sale in 2021, later launched its onchain platform Christie’s 3.0, now facing an uncertain future.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

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