About this episode
Not too long ago, Inigo Philbrick was one of the best-connected dealers in the art world. The son of a museum director and the protege of legendary gallerist Jay Jopling, he was often spotted at VIP previews of major art fairs and in a prominent seat at auctions around the globe. Then, in late 2019, he disappeared. As it turns out, Philbrick was the subject of mounting civil lawsuits and, ultimately, a criminal case that found he conned clients out of $85 million. Prosecutors say he committed “one of the most significant frauds in the art market in history.” He stood accused of selling shares amounting to more than 100 percent in artworks he did not own, falsifying contracts, forging signatures, and inventing fictitious clients. He pleaded guilty to a criminal charge of wire fraud in November. Last week, Philbrick’s case finally came to a close when the former wunderkind was sentenced to seven years in jail, one of the harshest sentences we’ve seen in an art-fraud case in recent memory. Artnet News senior market reporter Eileen Kinsella, who has followed this case from the very beginning, was on the scene reporting from the courtroom. She spoke with executive editor Julia Halperin about Inigo's extraordinary rise and fall.