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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.

Thomas J. Price’s Monumental Sculpture Anchors V&A East’s Opening in London

The V&A East Museum, the Victoria and Albert Museum's second site in East London, opened to the public on April 18. The inaugural presentation features new site-specific commissions by artists Rene Matić, Carrie Mae Weems, and Tania Bruguera, with Thomas J. Price's monumental sculpture serving as a key anchor piece for the new institution.

LACMA Got a Makeover

The Los Angeles County Museum of Art (LACMA) has unveiled its new David Geffen Galleries, featuring an unconventional open-plan design that encourages non-linear exploration. The building's layout, which eschews traditional chronological narratives in favor of free-floating associations, has sparked debate among critics regarding its navigability and the restoration of key works like Alexander Calder’s "Three Quintains (Hello Girls)."

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.

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.

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.

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.

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.