Artsy and Artnet join Forces to transform the Future of the Industry

Both brands will continue to embrace their proven strengths: Artnet as the definitive destination for trusted journalism, transactional data, auctions, and market intelligence; Artsy as the leader in discovering and buying art through personalized recommendations, editorial storytelling, and a seamless collecting experience across web and mobile. Together, Artsy and Artnet attract over 7 million monthly visitors across 190+ countries and reach over 9 million followers across social channels.

The move marks the formation of the online art world's most comprehensive art ecosystem and audience to date, creating vast opportunities for art market participants. Together, the brands hold an unmatched trove of both primary- and secondary-market data, opening the door to entirely new art market insights and analysis. Artsy and Artnet will also invest in new tools to help art businesses thrive and spend more time doing what they love most—working with artists and collectors—starting with a focus on small and mid-size galleries. Ultimately, the scale and depth of both businesses puts them in a unique position to help more artists to be seen, more galleries and art businesses to thrive, and more people to discover and buy the art they love.

"Artnet was founded to bring transparency to the art world, and Artsy to make discovering and buying art more accessible," said Jeffrey Yin, CEO of Artsy and Artnet. "Together, we have the chance to do something unprecedented—bring together every constituency of the art world, from galleries and auction houses to collectors and institutions, on a connected platform for the first time. That opens up real possibilities: modernizing and building upon the art world's most trusted pricing tools, developing new ways to help galleries operate more effectively, and ultimately helping art businesses build more value for their artists and collectors."

Beowolff Capital, founded and led by investor Andrew Wolff, acquired majority control of Artsy and took Artnet private over the past year. This is the realization of a vision to build a new operating system for the art world online.

"I have always had a deep love for art and believe it is a space where bold, long-term investment can have lasting and profound impact on the market and on the world," said Andrew Wolff, CEO of Beowolff Capital. "We are at a pivotal moment in which data and technology, including artificial intelligence, are transforming every industry. The art world needs companies that can harness these powerful forces for its benefit. Artnet's depth of market intelligence and trusted reporting is unparalleled, as is Artsy's scale of art discovery and commerce. Bringing them together is about building the foundation for the art world to thrive online, so that buying, selling, and learning about art becomes easier and more accessible than ever."

This new milestone is a natural progression of both companies' histories of revolutionizing the online art space. Founded in 1989, Artnet helped define how the art market exists online through the Artnet Price Database, Artnet Auctions, the Artnet Gallery Network, and Artnet News. Founded in 2009, Artsy helped establish a new era of art discovery and collecting online, building a marketplace and app that connect collectors with galleries, auction houses, fairs, and institutions around the world.

The founding visions behind both companies—Artnet's commitment to transparency and Artsy's mission to make art accessible—remain the guiding force behind everything the company will build. For now, nothing is changing for partners or users: Both platforms will continue to operate as they do today, and relationships with each remain the same. There will be more exciting new offerings to share in the coming months.