Comment | 'Artnet-Artsy merger: a Bloomberg for art?'

Artnet and Artsy have officially merged under private equity firm Beowolff Capital, founded by former Goldman Sachs trader Andrew Wolff. The deal, which took Artnet private, has already led to layoffs at both companies—including at least seven staff members from Artnet News—and the closure of Artnet's Berlin office. Jeffrey Yin, CEO of Artsy, will lead the combined entity. The merger aims to combine Artnet's vast database of 18 million auction results with Artsy's primary market gallery network to create a seamless user experience for discovering, researching, and buying art.

The Los Angeles County Museum of Art's new central building is a 'machine of discovery'

The Los Angeles County Museum of Art (LACMA) has opened its new central building, the David Geffen Galleries, to the public. Designed by Swiss architect Peter Zumthor at a cost of $724 million, the 347,600-square-foot structure reorients the museum with a single, flowing second-story floor plan, eschewing a traditional main entrance or atrium to encourage wandering and serendipitous encounters with art. The galleries are named for major oceans and are designed to blend cultures and artworks from different eras.

Peabody Essex Museum director steps down to lead Smithsonian American Art Museum

Lynda Roscoe Hartigan is stepping down as director and CEO of the Peabody Essex Museum (PEM) in Salem, Massachusetts, to become the director of the Smithsonian American Art Museum (SAAM) in Washington, D.C., starting September 8. Hartigan, who began her career as an intern at SAAM, previously served as PEM's first chief curator in 2003, deputy director in 2016, and returned as director in 2021 after a brief stint at the Royal Ontario Museum. During her tenure at PEM, she oversaw the reinstallation of a 40,000-square-foot wing, guided a five-year strategic plan, and expanded programs in global fashion, contemporary art, photography, and American art.

Smithsonian’s American Art Museum Appoints New Director Amid Turbulent Moment

The Smithsonian American Art Museum (SAAM) has appointed Lynda Roscoe Hartigan as its new director, concluding a 17-month search. Hartigan, who is leaving her position as executive director and CEO of the Peabody Essex Museum, will begin her role in September, succeeding acting director Jane Carpenter-Rock. She previously worked at SAAM as a curator in the 1970s and has held senior leadership roles at the Peabody Essex Museum and the Royal Ontario Museum.

Lynda Roscoe Hartigan Named Director of Smithsonian American Art Museum

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.

The Rapprochement Between Artnet and Artsy Takes Shape

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 sculptor dead 1234775273

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.

art market report 2025 growth high end sales 1234777143

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.