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This week's art industry news includes Art Basel appointing Egyptian artist Wael Shawky as artistic director of its first Middle East fair, Art Basel Qatar, running February 5–7, 2026. A new fair called Loading… debuts in Hudson, N.Y., during Upstate Art Weekend, while Vienna Contemporary names Abaseh Mirvali as artistic director. Bonhams offers material from Roy Lichtenstein's Hamptons home, and a legendary Le Birkin handbag sells for €8.5 million at Sotheby's Paris. Galleries see Hollis Taggart adding two artists, Adam Lindemann closing Venus Over Manhattan, and Berlin's Meyer Riegger and Paris's Galerie Jocelyn Wolff opening a joint Seoul gallery. Museums include the Zayed National Museum opening in Abu Dhabi, Shamim M. Momin named director of the Bronx Museum, and the Baltimore Museum of Art acquiring 150 new works. The Art Bridges Foundation and Crystal Bridges acquire 90 Indigenous artworks, and the Schirn Kunsthalle Frankfurt opens a temporary location. In legal news, DHS officials visited the National Museum of Puerto Rican Arts and Culture in Chicago.

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 12th edition of Uruguay's Este Arte fair took place last week in José Ignacio, featuring 14 exhibitors and attracting 5,000 visitors over four days. Notable works included Vanderlei Lopes's aluminum installation resembling a silver leak, Germán Tagle's liquid landscapes paired with altered New York Times front pages, and Diego Bianchi's chimeric sculptures. The fair favored abstraction, with strong sales reported across galleries such as Almeida & Dale, Aninat Galeria, Galerie Jocelyn Wolff, Piero Atchugarry Gallery, and Black Gallery.

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Uruguay's only art fair, Este Arte, is preparing for its 12th edition from January 4-7 at the Vik Pavilion in José Ignacio. Founded by curator Laura Bardier, the fair features just 14 galleries, including returnees like Galería del Paseo and Xippas Galleries, and newcomers such as Almeida & Dale and Galerie Jocelyn Wolff. Despite its small scale, with works priced from $500 to $400,000 (most under $20,000), the fair has intentionally reduced its exhibitor list since its inaugural edition, focusing on quality over quantity.

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Newly released emails between Jeffrey Epstein and journalist Michael Wolff reveal Epstein speculating about the $450 million sale of Leonardo da Vinci's *Salvator Mundi* and its possible connection to Donald Trump. In a May 2019 exchange, Epstein suggested that the painting's sale by Russian oligarch Dmitry Rybolovlev to Saudi Crown Prince Mohammed bin Salman might have been a covert bribe to secure Trump's support on Middle Eastern policy, specifically his veto of a congressional resolution against U.S. involvement in the Yemen war. Epstein also noted that his "art guy" thought the painting wasn't very good.

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Newly released emails from Jeffrey Epstein, published by House Republicans, show the disgraced financier discussing Leonardo da Vinci's *Salvator Mundi* with journalist Michael Wolff. In a May 2019 exchange, Epstein referenced the $450.3 million painting—the most expensive artwork ever sold at auction—and suggested its sale was linked to a real estate deal involving a Russian billionaire and Saudi Crown Prince Mohammed bin Salman. Epstein also mentioned that his "art guy" thought the painting wasn't very good.

Milan’s contemporary art credentials further bolstered by arrival of Paris Internationale

Paris Internationale, the influential non-profit art fair, has announced its inaugural Milan edition featuring a lineup of 34 galleries. Scheduled to coincide with Milan Art Week, Miart, and the Salone del Mobile, the fair includes prominent participants such as Jocelyn Wolff, kaufmann repetto, and Sylvia Kouvali. The move signals a strategic expansion for the French organization into a city increasingly recognized for its intersection of art, design, and high-level production.

Miriam Cahn “STILL LEBEN” at Galerie Jocelyn Wolff, Paris

Miriam Cahn presents a new exhibition, "STILL LEBEN," at Galerie Jocelyn Wolff in Paris. The show features a recent body of work, produced largely in the past few months, which marks a distinct shift from her previous focus on the human body and overt brutality. The new pieces center on objects, everyday domestic situations, and interiors, exploring what the artist terms 'le ménage' (housekeeping).

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Andrew Wolff, CEO of Beowolff Capital, has acquired Artnet and a controlling stake in Artsy, positioning himself as a key consolidator in the digital art market. In an interview tied to his inclusion in the Observer's “Art Power Index,” Wolff outlined plans to integrate data across platforms, develop AI-native tools, and create a seamless ecosystem for discovery, valuation, and transaction, aiming to empower younger collectors who favor networked, permissionless access over traditional gatekeepers.

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.

Investor Says Artnet Layoffs Were Necessary for ‘Financial Strength’

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.

Artnet Makes Significant Layoffs Following Consolidation with Artsy

Artnet has implemented sweeping layoffs following its consolidation with Artsy under a single leadership team led by CEO Jeffrey Yin. The cuts have severely impacted Artnet News, resulting in the departure of veteran senior reporters Sarah Cascone and Eileen Kinsella, while Andrew Russeth has been named interim editor. Additionally, Artnet’s German entity is being wound down, affecting the Berlin-based team responsible for the platform's online sales operations.

Beowolff Combines Artsy and Artnet in Digital Art Market Push

Beowolff Capital has consolidated two of the art world’s digital giants, Artsy and Artnet, under a single ownership structure. While both platforms will maintain their distinct brand identities, they will begin integrating their underlying infrastructure and data systems. Jeffrey Yin, the current leader of Artsy, will take the helm as CEO of the combined entity, with Beowolff founder Andrew Wolff serving as chairman.

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Jacob Pabst, CEO of Artnet AG, resigned late Sunday night just before the company's annual general meeting in Berlin. His contract had expired at the end of August, and he cited a failure to reach an agreement on continuing. Andrew E. Wolff, who holds about 98.93% of Artnet shares and also owns rival platform Artsy, will serve as interim CEO. The meeting proceeded without Artnet management present, leading to criticism from investor-protection group DSW. Shareholders were given an overview of 2024 finances and approved the creation of authorized capital for a possible increase of up to 50% of share capital. Former major shareholder Rüdiger K. Weng announced he will pursue civil and criminal claims against members of the founding Neuendorf family and board members.

Artnet and Artsy Come Together Under Shared Leadership

Artnet and Artsy, two of the most influential digital platforms in the art world, have merged under a single leadership structure following a series of acquisitions by Beowolff Capital. Jeffrey Yin has been appointed CEO of the unified company, while Beowolff founder Andrew Wolff will serve as chairman. Despite the shared management, both entities will maintain their distinct branding, with Artnet focusing on market data and journalism while Artsy continues its emphasis on art discovery and e-commerce.

Ax Swings Following Artsy/Artnet Consolidation as Top Reporters Are Laid Off

Major layoffs have hit Artnet and Artsy following their consolidation under the UK-based investment firm Beowolff Capital. The staff reductions occurred just one day after the merger announcement and include the departure of veteran Artnet News reporters Sarah Cascone and Eileen Kinsella, who both served the publication for over a decade. As part of the restructuring, Artnet will also shutter its German entity, while Andrew Russeth has been tapped to serve as interim editor.

Artnet and Artsy Announce They’re ‘Joining Forces’ Under Shared Leadership

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.

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.

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.

Paris Internationale in Milan

Paris Internationale à Milan

Paris Internationale has announced its first-ever edition outside of France, scheduled to take place in Milan from April 18 to 21, 2026. Hosted at the Palazzo Galbani during Milano Art Week, the satellite fair will feature 34 galleries, including notable participants such as Jocelyn Wolff, Kaufmann Repetto, Luisa Delle Piane, and Sylvia Kouvali.