Artsy and Artnet are being brought under the same ownership, consolidating two of the art world’s largest online platforms across data, media, auctions, and e-commerce.
The companies said Wednesday that they will continue to operate as separate brands, even as they combine their underlying infrastructure and data. The move follows Beowolff Capital’s acquisition of a controlling stake in Artsy and its decision last year to take Artnet private, bringing both businesses under the same umbrella.
Jeffrey Yin, who has led Artsy since 2024, will serve as chief executive of the combined company, with Beowolff founder Andrew Wolff as chairman.
The tie-up comes amid a broader wave of consolidation across the art-tech sector, as companies look to scale up their offerings and capture more of the market’s digital infrastructure. Last year, inventory management firm Artlogic merged with gallery software company ArtCloud, combining a client base of more than 6,000 users and tools spanning inventory, payments, and collector engagement. Like the Artsy–Artnet deal, that merger was pitched as a way to build more durable back-end systems for galleries facing rising costs and increasing pressure to operate more efficiently.
In practical terms, the deal links two platforms that have long served different functions in the online art trade. Artnet built its business on pricing data, auctions, and market reporting, while Artsy focused on discovery and online sales, connecting collectors with galleries, fairs, and institutions. Together, the companies say they reach more than 7 million monthly users across more than 190 countries.
The combined group is expected to lean on that scale, particularly its trove of primary- and secondary-market data, to develop new tools for galleries and collectors, with an early focus on small- and mid-size businesses.
“We believe the art world…deserves a better ecosystem,” Yin told ARTnews over email, adding that the goal is to connect data, discovery, editorial, and commerce into a single platform that helps the market “connect, transact, and grow.”
For now, the companies said nothing will change for users or partners, and both platforms will continue to operate as they do today. But the consolidation points to a longer-term push to build a more centralized digital infrastructure for the art market—one that combines pricing data, editorial, and sales in a single system.
