Art Dealer
Inigo Philbrick, Art Dealer Who Received a Seven-Year Prison Sentence for Fraud, Is Released Early
Inigo Philbrick, the New York dealer who was later sentenced to seven years in prison for a $86 million wire fraud scheme, has been released. He was sentenced in May 2022, making his prison stay a little less than four years—more than three years less than he was initially expected to serve.
The highly publicized legal saga of Philbrick began in 2019, when accusations surfaced that he had swindled market figures while making deals involving artworks worth millions of dollars.
Philbrick was once considered to be a rising star in the international art market, with mentors including Jay Jopling at White Cube gallery in London. His fall rattled art elite in New York and beyond. At the time of his initial arrest, he was operating a now defunct gallery in Miami; Jopling had provided its seed money.
Read more: https://www.artnews.com/art-news/news/inigo-philbrick-art-dealer-released-prison-1234701364/
An art adviser to the stars who scammed her elite friends out of $6.4million to fund her high-flying lifestyle has opened up about her newfound misery – as she faces 20 years behind bars.
Lisa Schiff boasted Leonardo DiCaprio and a real estate heiressamong her high profile clients, before her entire scheme unraveled in 2023 when it was revealed she had been pocketing cash intended to purchase million-dollar paintings.
An art dealer and diamond smuggler accused of being a Hezbollah financier has been banned from travelling to the UK.
Nazem Ahmad, 60, is sanctioned by Britain and the US, and he has been banned along with Mustafa Ayash.
Mr Ayash is also under UK sanctions, after being suspected of providing financial support for Gaza Now, which Britain accuses of promoting the “Hamas and Palestinian Islamic Jihad terrorist groups”.
Barry Stern moved to Paddington in inner Sydney when it was yet to see its glory days as a centre for the arts and where contemporary Australian art was not widely appreciated or recognised. In his career, he transformed it, promoting such art, encouraging and mentoring artists and promoting their work to such an extent that he had an international clientele. His death on July 1 brought an outpouring of grief and tributes from Sydney’s art community.
“Barry was a man of taste, energy, charm and boundless enthusiasm, just what Sydney needed in the early 1960s,” said art dealer Rex Irwin. “He gave me one of my first jobs in Australia and certainly, my first job in an art gallery and consequently changed my life for ever, for which I am eternally grateful.”
