"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.
This consolidation marks a major shift in the digital art infrastructure, uniting two of the industry's most powerful data and sales platforms under single ownership. Wolff’s strategy focuses on five pillars: a unified marketplace, enterprise software for galleries, expanded data services combining primary and secondary market insights, media operations, and a new venture into financial services. The move signals a push for profitability and technological integration in a cooling art market.