Beowolff Capital acquires Artnet for €65 million, taking it private

Beowolff Capital, the British investment group led by Andrew Wolff, has acquired Artnet, the German online art marketplace and data platform, in a deal valuing the company at approximately €65 million. The acquisition follows Beowolff's earlier majority purchase of Artsy, signaling a strategy to build a portfolio of digital leaders in the art market. Artnet, founded in 1989 by Hans Neuendorf, will be delisted from the Frankfurt Stock Exchange, where it had traded for two decades. Beowolff Capital already held 65% of Artnet shares and will launch a voluntary public purchase offer to remaining shareholders at a 97% premium over recent trading prices. The deal also includes the acquisition of Weng Fine Art AG's 29.99% stake for about €20 million, resolving a long-standing management dispute. CEO Jacob Pabst stated Artnet will continue operations as usual, with accelerated digital development. Following the announcement on May 27, 2025, Artnet's stock surged 18.5% to €11.20. The platform serves 67 million users annually but had faced losses in 2023-2024 amid governance conflicts between the founder's family and Weng Fine Art.