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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The House of Electronic Arts (HEK) in Basel and the Tezos Foundation have announced a year-long partnership to integrate blockchain technology into museum experiences. The collaboration includes virtual and physical exhibitions, workshops, and preservation initiatives, featuring six international digital artists. Exhibitions will be hosted on HEK's online platform virtual.hek and outdoors during Art Basel, with artworks released via the Tezos-based marketplace Objkt. The partnership also involves on-site kiosks and educational workshops on NFTs and digital ownership, as well as HEK's participation in the EU COST Action EMBARK training school on NFT preservation at ZKM in Karlsruhe.

Sculptor Sahar Khoury, Collection Exhibition at the Manetti Shrem Museum Offer New Views of California Art

Two exhibitions opening in January at the Jan Shrem and Maria Manetti Shrem Museum of Art at UC Davis explore themes of cultural origins, legacy, and preservation in California art. "Sahar Khoury: Weights & Measures" (Jan. 7–June 20) is the Bay Area sculptor's largest solo show to date, featuring works in ceramics, metal, papier-mâché, and found objects that interrogate value systems, personal and political symbols, and site sensitivity. The emotional centerpiece, "The Elephant in the Room," evokes ruins and marketplaces of North Africa and Southwest Asia. Concurrently, "Backstory: Digitizing the Museum Collection" (Jan. 21–May 2) turns the museum into a working digitization lab, displaying signature works from UC Davis’ Fine Art Collection while revealing the process of preserving art for posterity.

Art Week On A Budget: 16 Free Things To See And Do During Art Basel Miami 2025

Miami Art Week 2025 offers a wealth of free public art and events, from monumental installations to city-wide competitions. Highlights include Es Devlin's rotating sculpture 'Library of Us' on Miami Beach, Philippe Katerine's inflatable 'Mr. Pink Takes Flight' on Lincoln Road, and the juried hotel-art competition No Vacancy. Other free attractions include the immersive HIVE village in Wynwood, Katie Stout's fantastical 'Gargantua’s Thumb' in the Miami Design District, and the group exhibition CHROMA 2025 at Lucid Design District. The article serves as a budget-friendly guide for visitors.

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Investment group Beowolff Capital has announced a voluntary takeover offer for Artnet, valuing the company at approximately €65 million ($73.7 million). Beowolff Capital, a U.K.-registered firm led by CEO Andrew Wolff, has already secured 65% of Artnet's shares and plans to delist the company from the Frankfurt Stock Exchange. The deal includes the purchase of a 29.99% stake from Weng Fine Art AG, ending a long-running control struggle. Artnet's management supports the offer, which is expected to close on May 30, 2025.

We had to make difficult decisions

"Wir mussten schwierige Entscheidungen treffen"

Investor Andrew E. Wolff has stepped down as CEO of Artnet after orchestrating a merger of the company's US operations with Artsy, another major art market platform he recently acquired. Jeffrey Yin, previously the interim head of Artsy, has been appointed as the permanent CEO of the combined entity. The restructuring involves significant layoffs, the closure of Artnet's Berlin office, and a consolidation of management teams, though both brands will continue to operate with distinct editorial voices.

Immersive Art Exhibition "D Adventurous Project" Launches In Penang

Penang's first immersive art exhibition, 'D Adventurous Project,' launched at 1st Avenue Mall, running from May 10 to June 29, 2025. The soft launch was hosted by Yeo Lee Ching, CEO of De Camate Sdn Bhd, with YB Wong Hon Wai, Penang State Executive Councillor for Tourism and Creative Economy, as guest of honour. The exhibition features multiple pricing tiers, a creative lab with weekend workshops, a limited-edition AI storybook, a themed café, and a weekend marketplace for local artisans.