EQS-News: Artnet AG: Results of the Annual General Meeting 2025 and new Executive Leadership

Artnet: Results of the Annual General Meeting 2025 and new Executive Leadership

Berlin, 30.09.25 – Artnet, the leading provider of art market data, media and online transactions, held its Annual General Meeting 2025 in Berlin on 29.09.2025. Shareholders were given an overview of the 2024 financial year and an outlook for the rest of the year.

The main topics of the Annual General Meeting were:

• Artnet sees great potential for further growth and innovation, especially in the field of artificial intelligence. New technological developments, such as an AI-powered chatbot, show promising possibilities for the future.
• In a difficult market environment, Artnet was able to outperform the overall market and further expand its position as the leading digital platform in the art market.
• The company is implementing an ambitious restructuring program that has delivered multi-million Dollar cost savings.

During the Annual General Meeting, the Supervisory Board shared that after over 12 years as Artnet’s CEO, Jacob Pabst has stepped down, and that Andrew Wolff has been named Interim CEO. Andrew is the Founder and CEO of Beowolff Capital, which recently announced the successful completion of the voluntary takeover and delisting offer for Artnet AG.

Dr. Pascal Decker, Chairman of the Supervisory Board, said: “We would like to thank Jacob for his many years stewarding Artnet, and to welcome Andrew in this new leadership role. The Supervisory Board has full confidence in the vision articulated by Andrew Wolff through the voluntary takeover and delisting offer, which we supported, and views this as a strong opportunity to accelerate Artnet’s development and growth trajectory. Andrew brings a phenomenal track record of leadership, and we believe this appointment positions Artnet strongly as it enters an exciting new phase.”

Andrew Wolff said: “I wish Jacob the best in his future endeavours and thank him for his years of leadership and service. We are excited for the next chapter of artnet. We are embarking on the development of AI-native, next-generation products and services that will drive further transformation of the industry and allow more people to discover and appreciate art.”

Jacob Pabst said: “Serving as Artnet’s CEO for over 12 years has been a true honor. I am profoundly grateful to the entire Artnet team and proud of what we achieved together. I look forward to seeing the company continue to thrive in the years ahead.”

Capital increase resolved: The Annual General Meeting approved all items on the agenda, including the proposed creation of authorized capital.

Development and Outlook:  Since its founding in 1989, Artnet has revolutionized the way collectors, professionals, and art lovers discover, research, and collect art today. Artnet has over 60 million unique users annually, making it the largest global platform for art. Artnet's market data is an important resource for the art industry. They include more than 18 million auction results, as well as AI and ML-driven analytics that provide an unprecedented level of transparency and insight into the art market. Artnet will continue to invest in technology and product development in 2025. The aim is to build a unified platform that promotes growth through synergies between the business units.  An improved user experience will increase reach, retention, and conversion on Artnet's marketplace and subscription products. Investments in sales and marketing will also further improve conversion rates and brand awareness in 2025. In addition, the company wants to expand Artnet AG's market share within the art and luxury industry.

About Andrew Wolff: Andrew Wolff is the Chief Executive Officer of Beowolff Capital. He has been a private market investor for 30 years in the United States, Europe, and Asia. He spent the bulk of his career at Goldman Sachs, where he was most recently the Global Co-Head of the Merchant Banking Division and the Global Co-Head of the Corporate Equity Investing business. Andrew also served as the Co-CIO of Goldman Sachs’ flagship private equity funds. He was named partner in 2006. Andrew earned a B.A. in Philosophy from Yale University, and a J.D. and M.B.A. from Harvard Law and Business Schools.

About Artnet: Artnet is the world's largest platform for art, with over 60 million users per year. Founded in 1989 by art dealer Hans Neuendorf, Artnet has revolutionized the way people discover, research, and collect art today. Artnet's market data is a critical resource for the art industry. They include more than 18 million auction results and AI and ML-driven analytics that provide an unprecedented level of transparency and insight into the art market. Artnet's marketplace connects leading galleries and auction houses with our global users and customers, offering a curated selection of over 290,000 artworks for sale. The online art auction platform Artnet Auctions offers buyers and sellers unparalleled reach, liquidity and efficiency. Artnet News reports on the events, trends, and people shaping the global art market with up-to-date analysis and expert commentary. Artnet News is the most widely read news publication in the art industry. The synergies between Artnet AG's products form a comprehensive ecosystem that drives and informs the modern art market. The majority of the business is conducted through Artnet Worldwide Corporation, a wholly-owned subsidiary based in New York, founded in 1989. Artnet Worldwide Corp. owns a London-based subsidiary, Artnet UK Ltd.

Contact:

Sophie Neuendorf, Vice President

sneuendorf@artnet.com