Christie’s Closes Digital Art Department as NFT Market Stays Frozen

Christie’s, the renowned auction house known for its extensive collection of fine art and luxury items, has officially decided to shut down its Digital Art Department. This decision comes as a response to the ongoing stagnation and lack of activity in the NFT (non-fungible token) market, which has remained largely frozen despite earlier enthusiasm and rapid growth in the digital art space. The closure highlights the challenges faced by the digital art world in sustaining momentum and profitability amidst shifting market dynamics and consumer interest. source: https://www.coindesk.com/markets/2025/09/12/christie-s-closes-digital-art-department-as-nft-market-stays-frozen