All that glitters A story of friendship, fraud and fine art

Orlando Whitfield

Book - 2024

"A dazzling insider look at the contemporary art world and the meteoric rise and fall of the seductive, charismatic, utterly amoral young, American art dealer, Inigo Philbrick, told through the eyes of his former partner and set in London, New York, Miami and Vanuatu Orlando Whitfield and Inigo Philbrick met in 2006 at Goldsmiths University where, though total opposites, they became best friends. By 2007, they were art dealing together having formed I&O Fine Art and two years later, upon graduation, were looking for a gallery space. While they continued to work together, Inigo was also taking on work for the prestigious London Gallery, White Cube. Orlando would set up his own gallery with a partner and watch as Inigo quickly immers...ed himself in a world of private jets and multimillion-dollar deals for major clients. To those who did not know, Inigo seemed a brilliant art world hotshot. But underneath the extravagant façade, his complicated financial schemes were unraveling. Monthly interest installments of $150k were left unpaid; calls were dodged; letters from auction houses faked. With debt, lawsuits, and court summons piling up, Inigo went into an inescapable tailspin of lies and subterfuge. By 2019, things had spiraled enough out of control for Inigo to flee to the remote island of Vanuatu, 300 miles off Fiji. There, in 2020, he was arrested by US Marshals and flown to Guam where he was arraigned in a military court and eventually moved to Brooklyn where he was denied bail and sentenced to seven years in prison for over $86 million in fraud. This unique, shocking, and page-turning story is compulsively readable as it sweeps you up in both adventure and downfall. A close-up of two very young players in the contemporary art world who would each pay a big price, in very different ways, make it an irresistible cautionary tale"--

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2nd Floor New Shelf 709.22/Whitfield (NEW SHELF) Due Dec 8, 2024
Subjects
Genres
History
True crime stories
Biographies
Published
New York : Pantheon Books [2024]
Language
English
Main Author
Orlando Whitfield (author)
Edition
First American edition
Physical Description
323 pages ; 25 cm
ISBN
9780593316740
Contents unavailable.
Review by Publisher's Weekly Review

Former art dealer Whitfield skillfully blends memoir and true crime in this immersive account of his relationship with art fraudster Inigo Philbrick. Whitfield first met Philbrick at Goldsmiths University in 2006. The two became fast friends, launching an art dealership together in 2007. Early on, Whitfield noticed the charismatic Philbrick's need to "always be in possession of one trump card," which often led him to tell small lies to close deals or secure relationships. After a few years in business together, the pair began working separately but remained close, and Philbrick's deceptions started to balloon--he began inventing fictitious buyers and selling multiple shares of individual pieces at wildly inflated prices. After Whitfield's substance abuse and mental illness led him to retire, he learned about the scale of Philbrick's schemes; in 2019, with investigators closing in, Philbrick made headlines for fleeing to the island of Vanuatu to seek asylum. He was eventually arrested by the FBI and extradited to the U.S., where he pled guilty to defrauding collectors out of more than $80 million. Whitfield vividly captures the surreal contours of the art world--where buyers spend hefty sums on paintings made from M&Ms--and convincingly highlights how its absurdity helped cover Philbrick's tracks for so long. The result is a rollicking up-close look at a fascinating con. Agent: John Ash, CAA. (Aug.)

(c) Copyright PWxyz, LLC. All rights reserved
Review by Kirkus Book Review

A juicy inside look at the meteoric rise and fall of an ambitious young art dealer. In this debut book, Whitfield recounts how he met Inigo Philbrick in art school at Goldsmiths, University of London, in 2006. Years before, Philbrick had cunningly parlayed an internship at the prestigious White Cube gallery into his own multimillion-dollar transatlantic art dealership. The author engagingly chronicles his friend's ability to "inveigl[e] himself into the upper echelons" of the art world, trading in blue-chip art and treating the market "like a quantitative analyst." Eventually, the cocksure operator went from simply flouting ethical boundaries to breaking legal ones, double-selling artworks and creating false value. In 2022, he was convicted of $86 million in fraud and sentenced to seven years in prison. Whitfield calls himself Nick Carraway to Philbrick's Jay Gatsby, and this glimpse into the art world of the super wealthy, "commerce dressed up as culture," helps make his tale compulsively readable. The author broadens his critique from that of one unscrupulous player to the whole system of the modern art market, with its lack of regulations and transparency, used by collectors as a "portable way to park money," their artworks "easily stored in tax havens like Switzerland to avoid the prying eyes of, say, divorce lawyers or tax inspectors." Whitfield firmly indicts the "ethically grey trading practices" cloaked in art world "discretion"--i.e., deliberate obfuscation--as the modus operandi of the international art market. With exceptional candor and insight, the author is a capable guide as he introduces readers to consequential artists, dealers, curators, art philosophers, and conservators, as well as the vast potential for mischief. If the art world's primary currency is access--to art, capital, and buzz--this insider's account offers readers an enticing entry. A self-described "failed art dealer" spills the tea on his captivating, insular world. Copyright (c) Kirkus Reviews, used with permission.

Copyright (c) Kirkus Reviews, used with permission.