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.

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.

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.

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.

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.