Key Takeaways
- Christie’s shut down its digital artwork division, transferring gross sales into broader classes.
- The closure marks a major strategic change for Christie’s position within the NFT market.
Christie’s has shut down its digital artwork division, reducing employees together with VP Nicole Gross sales Giles on the finish of August, in accordance with a report from Now Media. The public sale home confirmed the transfer, saying digital works will now be bought inside its twentieth and twenty first Century Artwork class.
The modifications comply with the appointment of latest CEO Bonnie Brennan in February and coincide with a downturn within the digital artwork market.
Christie’s, which helped spark the NFT increase with Beeple’s $69 million sale in 2021, later launched its onchain platform Christie’s 3.0, now going through an unsure future.
