The Art Angle

Art World Infamy: Inigo Philbrick – Asset Class (Ep. 1)

Oct 2, 2025
Dive into the wild story of Inigo Philbrick, once the darling of the art world, who built an $86 million empire based on deception. Discover the chaotic landscape of art transactions marked by complex disputes and overlapping ownership claims. Fans of high-stakes drama will love the insights on how fractional ownership can lead to risky investments. The episode explores the glamorous, yet dangerous mixing of art and speculative markets, set against the backdrop of iconic sales like Jeff Koons’s Rabbit.
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INSIGHT

Art Market's Opacity Enables Risk

  • The art market runs on trust, secrecy, and handshake deals that obscure real value.
  • That opaque system rewards insiders and enables financial manipulation at scale.
ANECDOTE

Auction Night: Koons' Rabbit And The Stingel

  • Christie's evening sale in May 2019 made Jeff Koons the most expensive living artist with Rabbit selling for $80 million.
  • Meanwhile Daniel Temple and Loretta Wurtenberger tracked a separate Rudolf Stingel painting that tied into the Philbrick schemes.
INSIGHT

Fractional Ownership's Mathematical Trap

  • Fractional ownership sold shares of a painting to multiple investors and blurred ownership lines.
  • Inigo Philbrick sold overlapping interests that cumulatively exceeded 100%, collapsing those deals at auction.
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