What to know:
- Christie’s has closed its digital art department, ending its flirtation with the whimsical world of NFTs.
- Two staff members-possibly even some loyal underlings-were sent on holiday, while Sebastian Sanchez stays put in New York.
- The NFT market has shriveled up like a raisin in the sun, dropping 45% last quarter-just peachy, eh?
Oh, the grand saga of Christie’s digital art adventure has taken a final bow, according to Now Media. Fie, farewell, Non Fungible Tokens (or NFTs-oh, what a wardrobe malfunction!).
As of late August, two dedicated souls were sent packing, including the charming Nicole Sales Giles. Meanwhile, darling Sebastian Sanchez will remain sulking in New York. Poor Giles was quite the figure at the Art+Tech Summit in Hong Kong. Picture her: valiant, poised, standing among the cryptic whispers of Hong Kong Fintech Week!
You see, Giles assured the crowds that Christie’s treated NFTs with the same reverence as the grand old relics of painting and sculpture. However-and here comes the twist-digital art packed a secret weapon: community engagement, far beyond what traditional art could ever dream of.
Others at that mysterious summit nodded in agreement, though their eyes were a library of cautious glances. “Ah, the young Mr. Digital Art,” mused Angelle Siyang-Le, “his value is still quite the riddle wrapped in a mystery.”
A year down the rabbit hole and numbers tell a tale of fragility like a gingerbread house in a gale. NFT trading volume flopped 45% to a mere $867 million. But sales counts rose 78%-a delightful paradox! DappRadar took notice.
The once sky-high prices for blue chip NFTs like CryptoPunks, Bored Apes, and Moonbirds now swoop perilously close to earth. Meanwhile, Ethereum struts 76% stronger, outshining its plucky NFT troupes.
On X, some astute observers declared Christie’s parting was merely an exercise in pragmatism, not defeat. NFTs are hiding in plain sight within contemporary art sales-phew! Perhaps without more robust valuations and sharper standards, NFTs might always be mere handmaidens to their traditional counterparts. 🎭
Read More
- Zerowake GATES : BL RPG Tier List (November 2025)
- Hazbin Hotel Voice Cast & Character Guide
- How Many Episodes Are in Hazbin Hotel Season 2 & When Do They Come Out?
- T1 beat KT Rolster to claim third straight League of Legends World Championship
- All Battlecrest Slope Encounters in Where Winds Meet
- LINK PREDICTION. LINK cryptocurrency
- Apple TV’s Neuromancer: The Perfect Replacement For Mr. Robot?
- Terminull Brigade X Evangelion Collaboration Reveal Trailer | TGS 2025
- What time is It: Welcome to Derry Episode 3 out?
- Hazbin Hotel Season 2 Episode 3 & 4 Release Date, Time, Where to Watch
2025-09-12 08:10