Christie's Helped Drive the Art World's NFT Craze. Now, the Auction House Is Shutting Down Its Digital Art Division

Christie's Helped Drive the Art World's NFT Craze. Now, the Auction House Is Shutting Down Its Digital Art Division

Once a booming sector, the nonfungible token art market has been contracting for years

Christie's Closes NFT Department Under New CEO Bonnie Brennan – FinanceFeeds

Christie's shuts down its dedicated NFT department, integrating digital art sales into its 20th and 21st-century art division. Source link The post Christie's Closes NFT Department Under New CEO Bonnie Brennan – FinanceFeeds first appeared on Crypto News Wire.

Christie's closes pioneering digital art department

With the NFT market still a fraction of its recent heights, the auction house has reportedly let go of key staffers

Auction giant Christie’s winds down NFT department: Report – MAXBIT

Christie’s auction house is reportedly closing its digital art department, but will continue to auction NFTs under a broader category. UK auction giant Christie’s is reportedly closing its department that handles non-fungible token sales, putting it under a broader department amid a global decline in the art market. The “strategic decision” will see the 258-year-old...

Christie’s shuts down NFT department under new CEO Bonnie Brennan

United Kingdom-based auction house Christie’s is shutting down its dedicated non-fungible token department as part of a strategic decision to “reformat digital art sales.” According to a Sep. 8 report from Now Media, the news was confirmed by Christie’s former…

Christie’s Ends NFT Department Amid Auction Industry Shift: Report

Christie’s, one of the world’s most renowned auction houses, has announced the closure of its digital art and NFT division, marking a significant shift in its approach to blockchain-based assets. This move underscores the evolving landscape of the cryptocurrency and NFT markets amid ongoing regulatory uncertainties and fluctuating investor interest. Decline of Christie’s Digital Art Division Following a period of notable enthusiasm for non-fungi…