Debt, Collateral, and Forged Documents

From the outside, the art world can seem enticing, glamorous, and sophisticated. But the story can be very different behind the scenes. Caleb and Greg discuss the tale of Inigo Philbrick, a young, brash dealmaker whose reputation grew quickly, only to crash and burn in spectacular fashion.

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Greg Kyte, CPA
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Caleb Newquist
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LinkedIn: https://www.linkedin.com/in/calebnewquist/

SOURCES:

• In search of Inigo Philbrick, the disappearing art dealer [GQ]
• Rudolf Stingel Painting at Center of Inigo Philbrick Lawsuit Faces Another Ownership Claim [ARTnews]
• Who Is Inigo Philbrick? Meet the Man Behind One of the Biggest Potential Modern Art Scandals [ARTnews]
• The Talented Mr. Philbrick [NYT]
• What Did Inigo Philbrick Do? How One Precocious Dealer Allegedly Swindled the Art Market’s Savviest Players Out of Millions [Artnet]
• High-End Art Dealer Accused of Defrauding Basquiat Investor [Bloomberg]
• United States of America v. Inigo Philbrick [Justice.gov]
• Where’s Inigo? As a Furious Art World Searches for the Disappeared Dealer, Kenny Schachter Finds Him… on Instagram [Artnet News]
• Art Dealer Inigo Philbrick Has Vanished in a Cloud of Scandal [Bloomberg]
• Inigo Philbrick [Art Bust]
• The Art World’s Mini-Madoff and Me [Vulture]
• Fugitive Art Dealer Arrested on Pacific Island in Fraud Case [Bloomberg]
• Art Dealer Inigo Philbrick Will Be Kept In US Custody After His Fiancée’s Family’s Bahamas Real Estate Was Rejected as Bail Collateral [Artnet]
• In a Shift, Notorious Art Dealer Inigo Philbrick Set to Plead Guilty to Criminal Charges in Federal Court This Week [Artnet]
• Former London And Miami Art Dealer Pleads Guilty To Defrauding Art Buyers And Financers Of More Than $86 Million [Justice.gov]
• ‘He’s sabotaged his entire life for greed’: the $86m rise and fall of Inigo Philbrick [Guardian]
• Former Art Dealer Sentenced To 7 Years For $86 Million Fraud Scheme [Justice.gov]
• Speculators Win Big With Bets on Young Artists - NYT
• Business Partner Of Art Dealer Inigo Philbrick Pleads Guilty To Defrauding Art Buyers And Financers [Justice.gov]
• Leading artists worldwide in 2021, by auction revenue - Statista
• Half of Van Gogh’s art has been purchased by Chinese collectors and speculators - The Art Newspaper