{"id":59125,"date":"2025-09-09T08:48:35","date_gmt":"2025-09-09T08:48:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/auction-giant-christies-to-change-course-on-digital-collectibles\/"},"modified":"2025-09-09T08:48:35","modified_gmt":"2025-09-09T08:48:35","slug":"auction-giant-christies-to-change-course-on-digital-collectibles","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/auction-giant-christies-to-change-course-on-digital-collectibles\/","title":{"rendered":"Auction Giant Christie\u2019s to Change Course on Digital Collectibles"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Christie\u2019s, one of the world\u2019s most recognized auction houses, is adjusting its approach to digital art. Reports suggest the company will no longer operate a dedicated NFT department, but digital works will still find a place on the auction floor under a broader modern art category.<\/p>\n<hr\/>\n<p><em><strong>Good to Know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Christie\u2019s sold Beeple\u2019s Everydays: The First 5000 Days for $69.3 million in 2021, a landmark NFT sale.<\/strong><\/em><\/li>\n<li><em><strong>The auction house launched a crypto-only real estate team in 2022 to explore Web3 opportunities.<\/strong><\/em><\/li>\n<li><em><strong>The NFT market recorded its weakest year since 2020, with falling volumes and trading activity.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>The restructuring means that Christie\u2019s digital art will be grouped with 20th and 21st-century works, according to a statement cited by Now Media. While the company confirmed the shift, it emphasized that NFTs will still be offered to collectors who want them.<\/p>\n<p>As part of the change, the auction giant reportedly laid off two staff members, including its vice president of digital art. However, one specialist will remain to oversee future digital auctions, showing that Christie\u2019s hasn\u2019t walked away from the space entirely.<\/p>\n<p>Christie\u2019s role in NFTs cannot be understated. Back in March 2021, it made headlines when <a href=\"https:\/\/igaming.org\/crypto\/beeple-nft-auctions-for-a-record-breaking-69million\/\">Beeple\u2019s Everydays: The First 5000 Days hammered for $69.3 million<\/a>, marking one of the earliest signs of mainstream acceptance for digital collectibles.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The house later introduced its own NFT platform in September 2022, designed to support artists and creators experimenting in Web3. Just this year, Christie\u2019s announced a <a href=\"https:\/\/igaming.org\/crypto\/christies-launches-crypto-only-real-estate-division-in-la\/\">crypto-only real estate team<\/a>, a move that showed its willingness to push beyond traditional auctions into blockchain-driven markets.<\/p>\n<p>The wider NFT ecosystem has cooled considerably since its explosive growth during 2021 and early 2022. Last year was marked as the weakest since 2020 in terms of trading volume and total sales, partly due to token price swings and investor caution.<\/p>\n<p>Christie\u2019s restructuring reflects this broader slowdown, even though interest in digital ownership and blockchain-based collectibles continues to exist in pockets of the art world. The company seems intent on keeping NFTs available to collectors but within a more measured and integrated framework.<\/p>\n<p>For collectors, the change could simply mean that NFTs are treated less as a niche experiment and more as part of the overall contemporary art landscape \u2014 where Christie\u2019s has long been a dominant player.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/report-christies-to-close-nft-unit-but-keeps-digital-auctions-alive\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Christie\u2019s, one of the world\u2019s most recognized auction houses, is adjusting its approach to digital art. Reports suggest the company will no longer operate a dedicated NFT department, but digital works will still find a place on the auction floor under a broader modern art category. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":59126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59125"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=59125"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/59126"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=59125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=59125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=59125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}