258-year-old auction house winds down digital art unit, cuts staff
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最新报道：Christie's has shut down its standalone NFT department and laid off staff, including its vice president of digital art, as a strategic decision despite pledging to continue offering NFTs in future auctions. The move follows a dramatic 93% collapse in NFT trading volume from $2.9 billion in 2021 to just $23.8 million in Q1 2025, with active traders plunging from over 500,000 to fewer than 20,000. Advisers attribute the cutback to economic realities, noting that auction houses struggle to justify dedicated departments for digital art amid shrinking revenue. Former Sotheby’s CEO Tad Smith called it a "graduation moment" rather than the death of digital art, predicting NFTs will be integrated into contemporary sales like other mediums.
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