Art News. Vasari Codex

Art Movements: Dozens Laid Off at Artnet and Artsy

Digital art giants Artnet and Artsy have implemented significant layoffs following their recent merger under the investment firm Beowolff Capital. The cuts, which occurred on April 16, impacted dozens of employees across both organizations, including senior editorial staff such as Sarah Cascone and Eileen Kinsella. The restructuring follows a reported 12% revenue decline for Artnet in early 2025 and involves the shutdown of Artnet's German entity as the two companies consolidate into a single team led by CEO Jeffrey Yin.

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Sotheby's, SAM, and Siong Leng: Singapore art events

Sotheby's is holding a major auction in Singapore on January 25, featuring works by Indonesian Romantic painter Raden Saleh, German painter Walter Spies, and British artist David Hockney, among others. The auction includes Raden Saleh's 'The Eruption Of Mount Merapi, By Day' (1865), expected to fetch between $700,000 and $1.3 million, and Walter Spies' 'Die Schlittschuhlaufer (The Ice Skaters)' (1922), estimated at $980,000 to $1.8 million. Concurrently, the Singapore Art Museum (SAM) is presenting 'Nafasan Bumi – An Endless Harvest' from January 16 to May 31, featuring Indonesian artists Elia Nurvista and Bagus Pandega, whose works use nickel and palm materials to explore the environmental and social impacts of Indonesia's palm oil and nickel industries.

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