Christie’s winds down digital art department as its NFT marketplace faces doubt
Key Takeaways
- Christie’s shut down its digital art department, moving sales into broader categories.
- The closure marks a significant strategic change for Christie's role in the NFT market.
Share this article
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.
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.
Share this article
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








