He globetrotted on private planes, splashed out on $7,000 suits, and orchestrated million-dollar art deals that made him very wealthy. But it was all hinged on lies. On Monday, Inigo Philbrick accepted his long-simmering fate: 84 months in prison.
“I tried to find a way to live a life that wasn’t true,” he said.announcing his guilty plea, which included $86 million of restitution, Philbrick “knowingly misrepresented the ownership of certain artworks, for example, by selling a total of more than 100 percent ownership in an artwork to multiple individuals and entities without their knowledge” and by taking out loans against pieces of art without informing co-owners.
According to their memo, as a teenager Philbrick discovered that his dad was having an affair with his secretary, a transgression that caused his parents to split. Philbrick, his mother, and his sister later lived for some time in a neighbor’s garage because of their financial insecurity, the lawyers said.
The judge also pushed back on the argument, made by Philbrick’s attorney Jeffrey Lichtman, that the high-profile nature of the case was itself a mitigating factor. As she waited for an elevator after the sentencing, Philbrick’s fiancé, Victoria Baker-Harber, blamed part of his decimated reputation on “messed-up press.” She declined to answer additional questions from The Daily Beast.
Eventually, after taking on a more formal role at White Cube, Philbrick moved on to open a gallery of his own, reportedly using some capital from Jopling. In 2015, prosecutors later alleged, the wunderkind partnered with his mentor to help finance a $3.5 million deal for a 2009 Christopher Wool painting.
Jopling, like other, similar victims of Philbrick, never got his money. He ended up $1.95 million in the hole, the memorandum said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
At Oceanside Museum of Art, 'A Kind of Heaven' explores alternate worldsThe exhibit, which opened Saturday, brings together some of Southern California’s best contemporary visionary artists
Lire la suite »
The Special SpecialStand-up isn’t just getting prettier onscreen. It’s beginning to be approached by comedians and embraced by audiences as an artistic achievement in and of itself. JesseDavidFox writes
Lire la suite »
What’s Going On With Record Labels and “Viral” TikTok Moments?Going viral on TikTok is an effective marketing tool — but what happens when it gets in the way of the art itself?
Lire la suite »
A Brutal Mockery of Influencers and Billionaires Seduces CannesFilmmaker Ruben Östlund has shifted his satirical gaze from the art world (‘The Square’) to that of influencers and the one percent in ‘Triangle of Sadness’—with dazzling results.
Lire la suite »
Climate to Conflict, Davos' Post-COVID Return Has Full PlateThe much-ballyhooed World Economic Forum in the Swiss Alpine town of Davos gets underway this week after a two-year hiatus due to the COVID-19 pandemic.
Lire la suite »