Artnet and Artsy Lay Off Dozens After Merger, Toronto Biennial Announces 2026 Edition
On April 16, a number of employees at Artnet and Artsy lost their jobs due to their recent merger. A spokesperson informed Hyperallergic that this move is part of a plan to merge the teams, which includes shutting down Artnet's operations in Germany. Among those affected were senior journalists Sarah Cascone and Eileen Kinsella. Beowolff Capital acquired Artnet for $65 million, marking its shift to a private company after over 25 years on the Frankfurt Stock Exchange. In early 2025, Artnet saw its revenue decrease by 12%. Jeffrey Yin has stepped in as CEO, with Andrew Wolff serving as chairman. The Toronto Biennial of Art will run from September 26 to December 20, featuring more than 30 artists. Royce K. Young Wolf has been appointed as associate curator of Native Arts at the Denver Art Museum.
Key facts
- Dozens laid off at Artnet and Artsy on April 16
- Artnet and Artsy formalized merger earlier in the week
- Senior reporters Sarah Cascone and Eileen Kinsella affected
- Artnet's German entity to be shut down
- Artnet recorded 12% revenue decline in first half of 2025
- Beowolff Capital acquired Artnet in $65 million deal
- Toronto Biennial of Art fourth edition runs September 26-December 20
- Royce K. Young Wolf appointed associate curator at Denver Art Museum
Entities
Artists
- Sarah Cascone
- Eileen Kinsella
- Dawoud Bey
- Coco Fusco
- Simranpreet Anand
- Royce K. Young Wolf
- Barbara Kruger
- Jenny Holzer
- Howardena Pindell
- Flávia Ventura
- Negar Azimi
- Elaine Castillo
- Karen Hao
- Hajar Hussaini
- Hilary Leichter
- Lara Mimosa Montes
- Brittany Rogers
- Alison C. Rollins
- Celine Song
- Carvell Wallace
- Marilyn Minter
- Monica Lewinsky
- Miley Cyrus
- Chinua Achebe
Institutions
- Artnet
- Artsy
- Hyperallergic
- Artnews
- Beowolff Capital
- Frankfurt Stock Exchange
- Toronto Biennial of Art
- Denver Art Museum
- Art Basel Awards
- Nara Roesler
- Whiting Foundation
- Adolph and Esther Gottlieb Foundation
- Mike Kelley Foundation for the Arts
- Los Angeles Municipal Art Gallery
- Institute of Contemporary Art, Los Angeles
- Vincent Price Art Museum Foundation
- ACLU of Texas
- New York Times
Locations
- Germany
- Toronto
- Canada
- Denver
- United States
- Los Angeles County
- Texas
- Frankfurt