We had to make difficult decisions

"Wir mussten schwierige Entscheidungen treffen"

Investor Andrew E. Wolff has stepped down as CEO of Artnet after orchestrating a merger of the company's US operations with Artsy, another major art market platform he recently acquired. Jeffrey Yin, previously the interim head of Artsy, has been appointed as the permanent CEO of the combined entity. The restructuring involves significant layoffs, the closure of Artnet's Berlin office, and a consolidation of management teams, though both brands will continue to operate with distinct editorial voices.

Vertiginous 2658, 2007 by Lucas Samaras

The article highlights a partnership with leading global galleries to showcase artists, artworks, and exhibitions, with membership vetted by industry peers and available by application and invitation only. It also emphasizes the role of art advisors who provide visibility and access to influential galleries, collectors, and auction houses, while celebrating contemporary art through editorial content.

For the Queen's 100th, Ketterer Auctions a Warhol Painting

Zum 100. der Queen versteigert Ketterer Warhol-Gemälde

The Munich-based auction house Ketterer Kunst is offering a portrait of Queen Elizabeth II by Andy Warhol for sale at its auction on June 12. The work is a silkscreen print enhanced with diamond dust and carries a pre-sale estimate of €150,000 to €250,000. The auction coincides with what would have been the late Queen's 100th birthday year.

How Two Men with Hard Heads Broke Through Murano’s Glass Ceiling

Edoardo Pandolfo and Francesco Palù, the founders of the glass brand 6:AM, are revitalizing the traditional glassmaking industry of Murano with a contemporary, "punk" sensibility. By collaborating with master artisans and pushing the technical boundaries of the medium, the duo creates avant-garde pieces that challenge the island's historical aesthetic while maintaining its rigorous craftsmanship standards.

sothebys debt delays 2766303

Sotheby’s is navigating a complex financial landscape marked by a major debt refinancing effort and the introduction of a controversial delayed-payment program. The auction house is seeking to raise $825 million through five-year bonds to address existing debt due in 2027, while simultaneously facing a $10.2 million lawsuit over real estate commissions. To manage liquidity, the firm has codified a scheme offering sellers a 7 percent interest rate if they agree to wait six months for their payout, a significant departure from the industry standard of 35 to 45 days.