Beowolff Capital has consolidated two of the art world’s digital giants, Artsy and Artnet, under a single ownership structure. While both platforms will maintain their distinct brand identities, they will begin integrating their underlying infrastructure and data systems. Jeffrey Yin, the current leader of Artsy, will take the helm as CEO of the combined entity, with Beowolff founder Andrew Wolff serving as chairman.
Nara and Kusama Both Surpass 10 Billion KRW... What Seoul Auction’s 36.7 Billion KRW Sale Achieved
Seoul Auction's recent Contemporary Art Sale in Seoul made history as the first domestic auction in South Korea to sell two works for over 10 billion KRW each on the same day. Yoshitomo Nara’s large-scale portrait "Nothing about It" (2016) set a new record for the highest price ever achieved at a South Korean art auction, selling for 15 billion KRW ($11.2 million). Yayoi Kusama’s "Pumpkin" (2015) followed closely, fetching 10.45 billion KRW ($7.8 million), contributing to a total sale volume of 36.7 billion KRW.
The auction industry's "middle market"—typically defined as lots under $1 million—is facing a period of intense competition and shrinking profit margins. While these lower-priced works account for the vast majority of transaction volume and a significant portion of earnings, the overhead costs of selling them remain high. Furthermore, aggressive financial maneuvers like guarantees and "enhanced hammers," once reserved for blue-chip masterpieces, are now being demanded by sellers and advisors at much lower price points.
Auctions of the week: Art, design, jewelry and comics
The global auction calendar for the week of March 19–25, 2026, features a dense schedule of sales across major hubs including Milan, Rome, Paris, Hong Kong, and New York. Italian houses like Il Ponte, Wannenes, and Finarte are leading with diverse offerings in Modern and Contemporary art, design, and niche collectibles like European comics and militaria. Simultaneously, international giants Christie’s and Sotheby’s are hosting major sessions ranging from Modern British art in London to luxury spirits and private sales in Asia and the United States.