EFG Magazine

Prosecutors said Inigo Philbrick, who admitted he duped investors who joined him in the purchase of blue-chip art, took advantage of the opacity of the art market.

Inigo Philbrick, who had been a rising star as an art dealer, pleaded guilty on Thursday to wire fraud charges in connection with his transactions as a gallerist. 
Inigo Philbrick, who had been a rising star as an art dealer, pleaded guilty on Thursday to wire fraud charges in connection with his transactions as a gallerist.  Credit... Stuart C. Wilson/Getty Images

Nov. 18, 2021

For years Inigo Philbrick, a young art dealer with a gallery in the Mayfair district in London, was a brash fixture within the world of postwar and contemporary art.

Known for traveling on private jets, renting villas in Ibiza and wearing handmade Italian suits, he also was known to draw people into investing with him in paintings by blue-chip artists like Jean-Michel Basquiat, Rudolf Stingel and Christopher Wool.