Tad Smith, former CEO of Sotheby's and current chairman of the NFT project Doodles, has agreed to acquire most of the assets of the digital collectibles platform Candy Digital. Upon the deal's expected closure in the coming weeks, Smith will also assume the role of CEO, signaling a significant personal and financial bet on the future of the sector.
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.
The Phoenix Art Museum has announced a major upcoming exhibition titled "Nike: Form Follows Motion," scheduled to run from April 14 to September 26, 2027. Jeremy Mikolajczak, the museum’s director and CEO, unveiled the project during a presentation to the Phoenix Economic Development and Arts Subcommittee, describing it as one of the most significant milestones in the institution's upcoming schedule.
Lynda Roscoe Hartigan has been appointed as the new director of the Smithsonian American Art Museum (SAAM) in Washington, DC, effective September 8. She returns to SAAM, where she began her career and later served as chief curator, from her current position as executive director and CEO of the Peabody Essex Museum in Salem, Massachusetts. She succeeds acting director Jane Carpenter-Rock, who will remain as deputy director.
Le rapprochement entre Artnet et Artsy prend corps
Artnet and Artsy, two major online art market platforms, have announced a strategic merger under the common ownership of British investment fund Beowolff Capital. The companies will retain their distinct brands and websites but will be led by a unified management team, with Artsy's CEO Jeffrey Yin taking the helm. The consolidation has already resulted in dozens of job cuts, particularly at Artnet News, and follows a period of economic strain for Artnet, which reported a 12% revenue drop in the first half of 2025.
Thaddeus Mosley, the acclaimed American sculptor known for his monumental wood abstractions, has died at the age of 99 in Pittsburgh. Throughout a career spanning seven decades, Mosley transformed salvaged walnut, sycamore, and cherry wood into curvaceous, gravity-defying forms that balanced immense weight with a sense of lightness. Though he was a long-standing pillar of the Pittsburgh creative community, he achieved widespread national recognition and major museum representation only in his 90s.
The global art market returned to growth in 2025, reaching $59.6 billion in sales according to the latest Art Basel and UBS Art Market Report. This 4 percent increase ended a two-year decline, driven primarily by a 9 percent surge in public auction sales and a significant revival in high-value transactions for works priced over $10 million. While the United States maintained its dominant 44 percent market share, the recovery was uneven, with the Impressionist and Old Masters sectors seeing major gains while Postwar and Contemporary art continued to cool.
A high-profile fundraising campaign led by the Art Fund is underway to save Prospect Cottage, the former home of artist and filmmaker Derek Jarman. Supported by figures like Tilda Swinton and Jeremy Deller, the initiative seeks to raise £3.5 million to preserve the site and its archive for public tours and artist residencies. Meanwhile, the Philadelphia Museum of Art's CEO, Timothy Rub, has issued an apology regarding the institution's handling of sexual harassment allegations against former manager Joshua Helmer.
Andrée Putman Studio is set to unveil a series of unseen furniture creations and collectible interior pieces at the Art Paris fair this April. Curated by the late designer’s daughter, Olivia Putman, and CEO Aurélie Laure, the showcase features archival designs reinterpreted in new materials, such as a mirrored version of the 'Mille et Un Carreaux' table and stainless steel 'Trois Carats et Demi' side tables. The presentation coincides with the opening of La Galerie Andrée Putman in Paris, a new space dedicated to the designer's enduring legacy.
ArtVerse Advisory, a London-based B2B firm, has launched a suite of services designed to help galleries and art advisors overcome capital constraints and inventory limitations. Founded by CEO Amit Mehra, the company provides professional intermediaries with access to a curated selection of primary and secondary market works—ranging from blue-chip artists like Andy Warhol to rising stars like Raghav Babbar—through flexible deal structures such as consignments and personalized payment plans.
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The Philadelphia Museum of Art has appointed Daniel H. Weiss, former head of the Metropolitan Museum of Art, as its new director and CEO to provide stability following the controversial dismissal of Sasha Suda. The transition occurs amid a legal battle, with the museum filing court documents alleging Suda misappropriated funds and falsified records. Meanwhile, the auction market saw a historic moment at Sotheby’s, where Gustav Klimt’s 'Portrait of Elisabeth Lederer' sold for $236.4 million, setting a new record for the artist and becoming the most expensive Modern work ever sold at auction.
The Museum of Fine Arts, Houston (MFAH) has brought back its massive, immersive installation "SunForceOceanLife" by Brazilian artist Ernesto Neto. The 35-foot-tall suspended labyrinth, hand-woven from vibrant paracord and filled with plastic balls, invites visitors to walk through its elevated pathways, requiring them to navigate the structure in museum-issued socks after signing a safety waiver.
Conceptual artist Anicka Yi has joined Pace Gallery, where she will be represented in partnership with Gladstone Gallery, 47 Canal, and Esther Schipper. Known for her research-heavy practice that utilizes scents, bacteria, and robotics, Yi cited Pace CEO Marc Glimcher’s background in biology and the gallery's history with light and space pioneers as primary reasons for the move. Her work will be featured in the New Museum’s upcoming expansion inaugural exhibition, "New Humans: Memories of the Future."
The Royal Ontario Museum (ROM) in Toronto has appointed Nicholas R. Bell as its new director and CEO, effective July 6. Bell, who currently leads the Glenbow museum in Calgary, succeeds Josh Basseches following a decade-long tenure. During his time at Glenbow, Bell was noted for securing a $250 million capital campaign and implementing a landmark free-admission policy, the first of its kind for a major Canadian museum.
Frieze Los Angeles launched with significant early momentum as Endeavor CEO Ari Emanuel acquired three quilts by artist Yvonne Wells from Fort Gansevoort before VIP hours officially began. The fair's opening day saw robust activity, including the $3.7 million sale of an Ed Ruscha painting, while major galleries like Pace Prints and Opera Gallery announced strategic expansions into Los Angeles and Houston respectively.
The Philadelphia Museum of Art is reinstating a pay-what-you-wish admission policy for Friday nights from April 2026 through Labor Day. This initiative, funded by the William Penn Foundation and board chair Ellen Caplan, coincides with the museum's 150th anniversary and the launch of "Nation of Artists," a massive collaborative exhibition with the Pennsylvania Academy of the Fine Arts featuring over 1,000 works.
The art world saw a wave of significant personnel shifts and representation updates this week, highlighted by Travesía Cuatro adding Zimbabwean artist Virginia Chihota to its roster and Esther Schipper announcing representation of Saâdane Afif. Institutional moves include the Baltimore Museum of Art appointing Rhea L. Combs and Ellen McBreen to curatorial fellowships, while Joe Hill was named the new Director and CEO of Yorkshire Sculpture Park ahead of its 50th anniversary.
Acclaimed visual artist Nick Cave participated in a public lecture and live conversation moderated by Rukaiyah Adams, CEO of the 1803 Fund, as part of the Miller Family Free Day. The event centered on Cave’s multidisciplinary practice, specifically highlighting his work featured in the exhibition "Conductions: Black Imaginings II" and his iconic Soundsuits, which address themes of social justice, identity, and trauma.
Brazilian authorities are targeting the art collection and luxury assets of Daniel Vorcaro, the CEO of the recently liquidated Banco Master SA, as part of a massive fraud investigation. Following the bank's collapse due to insolvency and regulatory violations, liquidators filed subpoenas in a Miami federal court to probe Vorcaro’s dealings with blue-chip galleries and auction houses. Officials believe the financier may have funneled bank funds into high-value artworks and real estate to shield his wealth.
Devyani Saltzman has abruptly left her position as Director of Arts and Participation at the Barbican Centre in London. Her departure, which comes just weeks after the arrival of a new CEO and shortly after she unveiled a five-year creative vision for the institution, marks another sudden leadership change at the major UK arts center.
A Swiss artificial intelligence firm, Art Recognition, has claimed with high certainty that two versions of the painting 'Saint Francis of Assisi Receiving the Stigmata' (ca. 1428-32), held by the Royal Museums of Turin and the Philadelphia Museum of Art, are not by the hand of Northern Renaissance master Jan van Eyck. The company's CEO, Carina Popovici, stated the A.I. model determined the works were not authentic with 91% and 86% certainty, respectively, though the museums involved have not officially commented.