Auction house Christie's NFT sales fell 96% in 2022

Quick Take

  • Art auction house Christie’s sold 87 NFTs for a total of $5.9 million in 2022, down 96% compared to 2021. 

Art auction house Christie's saw a tremendous decrease in NFT sales this year compared to 2021, despite a bumper year elsewhere in its art business. 

Christie's sold 87 NFTs in 2022 for a total of $5.9 million. In 2021, the art auction house sold over 100 NFTs worth more than $150 million — one of them being Beeple's "Everydays: The First 5000 Days" NFT for $69.4 million. Christie's NFT sales fell 96% between 2021 and 2022. 

Despite the lower NFT volume, Christie's made notable progress in advancing its web3 and NFTs vertical in 2022. It established a venture fund that made its first investment in blockchain interoperability startup LayerZero on Jul. 18. Christie's also sold pieces by 18-year-old NFT artist Diana Sinclair, who had created media for a $1 million NFT sale of an unreleased Whitney Houston track, The Block previously reported. Sinclair later signed on with the major talent representation firm United Talent Agency. 


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Depressed market conditions led to fewer NFT trades across the board in 2022. However, this year did also see its highest NFT trading volume ever on the week of May 1, coming in at $1.2 billion, The Block's Data Dashboard shows. 

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.


To contact the editors of this story:
Lucy Harley-McKeown at
[email protected]
Nathan Crooks at
[email protected]