Christie's Closes Digital Art Department Amid Market Contraction
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Summary
Christie's auction house has quietly closed its dedicated digital art department, ending a short but influential experiment that helped bring NFTs and AI art into the mainstream. The move comes amid a prolonged art market contraction and declining digital art trading from its 2021 peak. Christie's stated it will continue selling digital art within its broader 20th and 21st Century Art category rather than maintaining a separate department.
Key quotes
· 3 pulledChristie's has quietly shuttered its digital art department, marking the end of a short but influential experiment that helped propel NFTs and A.I. art into the mainstream.
The move comes as the art market weathers a prolonged contraction and as trading in digital art has dropped from its 2021 peak.
The company will continue to sell digital art within the larger 20th and 21st Century Art category.
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