The article analyzes contemporary decorative and applied art of the indigenous peoples of the Krasnoyarsk Territory (Selkups, Yessey Yakuts, Nenets, Nganasans, Dolgans), in order to reveal perspective formats for the development of this cultural practice. The authors have obtained empirical data using methods of participant observation and expert in-depth interview during field research in historical places of the Krasnoyarsk Territory – in Noska, Farkovo, Dudinka, Khatanga, Yessey, etc. As a result, they allocated the main trends of contemporary decorative and applied art of the indigenous peoples in the territory that, on the one hand, are associated with partial preservation of traditional occupations (tailoring, shoe making, beadwork), the emergence of new practices of decorative and applied art (pike head finishing), and on the other hand, are connected with the loss of knowledge, mastery, tradition of transferring skills in the manufacture of items of decorative and applied art from generation to generation. In addition, on the basis of the analysis of the current situation in the field of decorative and applied art of the indigenous peoples of the Krasnoyarsk Territory, the authors singled out a number of promising formats for the development of this practice of culture that are already used by the indigenous peoples and those that could be effectively used in the  future.