News

The wild ride of dealer Inigo Philbrick ends this week in a New York courtroom.

Art dealer Inigo Philbrick last year in the South Pacific archipelago in Vanuatu was in good shape, even when allegations surfaced that he may have committed a major fraud – allegations that would likely put him in jail.

“She looked very calm,” another island resident, Diane Nielsen, told The Daily Beast. “Philbrick and his girlfriend came to the beach to visit the Beach bar for food and drink. They also had a very cute puppy that played with other small local dogs.”

Locals say the couple rented a house on the waterfront and the 33-year-old Philbrick went by his own name, apparently not worried about the extreme heat of the law.

Then, the fantasy came on suddenly.

In June 2020, Philbrick was arrested in a swimsuit while walking in the capital of Vanuatu – Port Villa. Two brave men escorted him to a plane and reportedly sent him to Guam and eventually landed on the U.S. mainland to be tried in the southern district of New York.

Federal prosecutors charged Philbrick with wire fraud and identity theft; The first had a possible sentence of 20 years, while the second had at least two years in prison. His potential plan is to deceive wealthy investors by selling more than 100% of the shares in various works.

U.S. Attorney Jeffrey S. “Inigo Philbrick was a serial scammer who misled collectors, investors and lenders with more than $ 20 million,” Berman said in a newspaper statement. exhalation news of the arrest. “When his plans came to light, Philbrick allegedly fled the country.”

A source close to the case told The Daily Beast he would return to court on Nov. 18 and is expected to plead guilty there. It is unknown at this time what he will do after leaving the post, but he is expected to pay more than $ 10 million in damages.

His sentence is expected to be handed down in a few months. Philbrick’s lawyer declined to comment.

The call to anticipate the culprit will lead to a sharp decline in the art world’s “prodigy,” as some media outlets say. called him.

A veteran art salesman who knew Philbrick told The Daily Beast, “He was a pretty good guy and then got greedy.” “Like Saint, it was some talented thing Mr. Ripley did.” The dealer asked for anonymity, citing the small size of the industry.

Now Philbrick is expected to be arrested about a year after his fiancée, real British star Victoria Baker-Harber. gave birth to their first child. She had announced her pregnancy to locals in Vanuatu just weeks before her arrest.

Baker-Harber told The Daily Beast that their relationship remains strong. “I don’t think I have anything to say about what I’m standing next to,” he said.

blank

Born in Connecticut, Philbrick inherited artistic generations from his parents. His father, Harry, is a former museum director who later founded the Philadelphia Contemporary Nonprofit, which organizes art exhibitions. His mother, Jane, runs a company.early wool shearing”The clothing and textile business and previously lectured at the Parsons School of Design.

By 2020, Philbrick had expressed an early desire to become an art consultant Eggs feature writes Kenny Shakhter, a friend who later allegedly fell victim to fraud.

Philbrick correspondingly gave his credentials and enrolled in Goldsmiths, University of London, which specializes in creative programs. (His father received a master’s degree in fine arts from school in 1990.)

As shown in FIG New York Times reported last year, in 2010, almost at the time of Philbrick’s graduation, he took an internship at the famous White Cube Gallery in London, founded by art dealer Jay Jopling, and became the second market sales director in less than a year.

Soon Jopling helped fund the Philbrick Gallery; He reportedly spent $ 7,000 on costumes and began buying seven art figures. (Jopling denied the interview request.)

Wunderkin was amazing – he reads his name in the shower every morning, Eggs reported – but she was also sleek, beautiful.

“He has an angelic face, he has curly hair,” said Elodi Marco, who later played tennis with him in Vanuatu. “He was really very kind.”

blank

Inigo Philbrick attends the 2016 Art Opening Ceremony with his then-girlfriend Francisco Mancini.

Stuart S. Wilson / Getty

Business for the young Philbrick flourished. One of his strategies – a tactic that later challenged him – was to buy expensive works on behalf of several investors at once.

It was a common deal among ultra-wealthy buyers who often did not get their artifacts, instead of exempting them from customs. freedoms while waiting to appreciate them.

It was also an installation prepared for abuse.

Around 2016, Philbrick began playing financial games, prosecutors said. Among the most popular plans: Philbrick sold shares in the property, which was more than 100 percent, used the artwork as collateral for a loan without telling other owners, and created forged documents to cover his tracks.

The dominoes were overthrown around the summer of 2019, when one of Philbrick’s pieces, a painting by Pablo Picasso by Rudolf Stingel, went down significantly at auction. One of his clients, the German company Fine Art Partners, sued when he failed to deliver the millions of dollars promised in sales to them.

blank

Christie’s catalog entry for a portrait of Rudolf Stingel by Pablo Picasso.

Christie

As Artnet reported in time, it turned out that Philbrick allegedly forged documents and simultaneously played several investors. “He sold the same painting one and a half times – he sold it entirely to one customer, while he sold 50 per cent of the shares to another, while introducing it to a third party who still owns it.”

“She grew up,” a European art dealer told the Daily Beast. “Then the markets were looted and he left the bag in his hand.”

Rather, his partners and customers were left with a bag in hand. Miner, as an example, to Times that he lost nearly $ 2 million in his dealings with Philbrick.

(According to The Daily Beast, Shakhtar said “there’s nothing else to say to him.” He hopes to get his point across. Eggs the story to the film, one of many such projects at work.)

When anger flared up in the art world, a criminal investigation against Philbrick seemed inevitable – but in late October 2019, he fled to Vanuatu. Now, faced with his long-awaited confrontation, he finally seems to be out of tricks.

https://www.thedailybeast.com/art-dealer-inigo-philbricks-wild-ride-ends-in-nyc-courtroom-this-week?source=articles&via=rss | The wild ride of dealer Inigo Philbrick ends this week in a New York courtroom.

screesnrantss

Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

four × two =

Back to top button