Under new ownership, Artnet and online art platform Artsy are coming together under a single leadership structure. Chief executive officer Jeffrey Yin will lead the unified company, with Beowolff Capital founder and CEO Andrew Wolff as chairman. Both platforms will retain distinct websites and brands.

The move comes after Wolff, a former Goldman Sachs partner who founded Beowolff Capital in 2022, acquired majority control of Artsy and brought Artnet private over the past year.

Together, Artnet and Artsy bring complementary functions to the online art market. Artnet will continue to focus on journalism, transaction data, auctions, gallery network, and market intelligence, while Artsy will continue to specialize in discovery and buying art.

“Artnet was founded to bring transparency to the art world, and Artsy—to make discovering and buying art more accessible,” Jeffrey Yin, CEO of Artsy and Artnet, said in a statement. He added that connecting the businesses opens up new possibilities, including “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.”

For art collector and investor Andrew Wolff, the agreement represents the realization of a long-term vision to build a new operating system for the art world online.

“We are at a pivotal moment in which data and technology, including artificial intelligence, are transforming every industry,” Wolff said. “The art world needs companies that can harness these powerful forces for its benefit.”

Since their founding in 1989 and 2009, Artnet and Artsy have played key roles in shaping the online art market, guided by complementary missions of transparency and accessibility. Both platforms will continue to operate as they do today, with further developments expected in the months ahead.