Investor and owner Andrew E. Wolff has publicly explained the recent layoffs at Artnet and Artsy as a necessary step for the companies' financial restructuring and future growth. He framed the cuts as part of a broader consolidation strategy, merging the US businesses and organizational structures of the two digital art platforms while keeping their brands separate.
The 2026 Venice Biennale, the 61st edition of the world's oldest and most prestigious contemporary art biennial, will run from May 9th to November 22nd, with previews from May 6th to 8th. Its central curated exhibition is titled "In Minor Keys," and it will be accompanied by a series of national pavilions.
Sotheby's is under financial scrutiny due to two key developments. A New York real estate broker has filed a $10.2 million lawsuit against the auction house over commissions from the sale of its former Manhattan headquarters, a claim Sotheby's disputes. Concurrently, the company has launched a new delayed-payment program for clients, raising questions about its liquidity.
The Los Angeles County Museum of Art (LACMA) has opened a new café operated by the upscale organic grocery chain Erewhon on its W.M. Keck plaza. The café, located in the plaza's northeast pavilion with a view of Alexander Calder's 1964 sculpture, opened for member previews on April 19th and will be accessible to the general public starting May 4th, running through the summer season.
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.