Important collection restaurants
- Christie has closed its digital art department and moved the sale to wider categories.
- The closure marks an important strategic change for the role of Christie in the NFT market.
Christie’s has closed his digital art department and broke the staff, including VP Nicole Sales Giles at the end of August, according to a report from now Media. The auction house confirmed the move and said that digital works will now be sold in the 20th and 21st -century art category.
The changes follow to the appointment of the new CEO Bonnie Brennan in February and coincides with a recession in the market for digital art.
Christie’s, who helped the NFT tree sparked with Preeple’s sale of $ 69 million in 2021, later launched his Onchain platform Christie’s 3.0, now confronted with an uncertain future.