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trending_up market schedule Apr 17, 2026 visibility 2 link 6 artists

Ax Swings Following Artsy/Artnet Consolidation as Top Reporters Are Laid Off

Major layoffs have hit Artnet and Artsy following their consolidation under the UK-based investment firm Beowolff Capital. The staff reductions occurred just one day after the merger announcement and include the departure of veteran Artnet News reporters Sarah Cascone and Eileen Kinsella, who both served the publication for over a decade. As part of the restructuring, Artnet will also shutter its German entity, while Andrew Russeth has been tapped to serve as interim editor.

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In Surprising Twist, ADAA Art Fair Will Now Benefit the Whitney Museum

The Art Dealers Association of America (ADAA) has named the Whitney Museum of American Art as the new philanthropic beneficiary of its annual fair at the Park Avenue Armory. This decision follows the ADAA's abrupt termination of a 30-year partnership with the Henry Street Settlement, a social services nonprofit that relied on the fair's preview gala for approximately $1 million in annual unrestricted funding. The new event, rebranded simply as the ADAA Fair, will direct its gala proceeds toward the Whitney’s educational and artistic programming.

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trending_up market schedule Apr 15, 2026 visibility 3 link 1 gallery

Sotheby’s Owes Real Estate Firm $10.2 Million Commission: Lawsuit

Real estate giant Cushman & Wakefield has filed a lawsuit against Sotheby’s, alleging the auction house failed to pay a $10.2 million commission following the $510 million sale of its New York headquarters. The dispute centers on the building at 1334 York Avenue, which was sold to Weill Cornell Medicine in late 2025 after the medical institution initially leased several floors through a deal brokered by the real estate firm.

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trending_up market schedule Apr 16, 2026 visibility 4 link 2 artists

Artnet and Artsy Announce They’re ‘Joining Forces’ Under Shared Leadership

Artnet and Artsy have announced a strategic merger under a single leadership structure following their acquisition by Beowolff Capital. While both platforms will maintain their distinct brand identities and websites, they will now operate as a combined organization led by Artsy CEO Jeffrey Yin, with Beowolff Capital founder Andrew Wolff serving as chairman. The move aims to integrate Artnet’s industry-leading price database and journalism with Artsy’s expansive e-commerce and discovery marketplace.

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