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christies reportedly closes digital art department 1234751156

Christie's is closing its digital art department and has parted ways with Nicole Sales Giles, the auction house's vice president of digital. The decision comes over four years after Christie's record-breaking $69.3 million sale of Beeple's "Everydays: The First 5000 Days" (2021), which ignited the NFT boom. Christie's stated it will continue selling digital art within its broader 20th- and 21st-century art category.

Christie’s Quietly Deletes Digital Art Department

Christie’s has quietly dissolved its dedicated digital art department, laying off two staff members including vice president Nicole Sales Giles, as part of a strategic shift to fold digital art sales into its broader 20th and 21st Century Art category. The move follows a two-year contraction in the art market and a dramatic decline in NFT trading volume from $2.97 billion in 2021 to $197 million in 2024, mirroring similar downsizing at Sotheby’s and the shuttering of platforms like Async Art and KnownOrigin.