A Dealer and His Finacial Backers Come to an Impasse
A lawsuit between German finance firm FAP and Inigo Philbrick reveals the backstage maneuvering in the market..
The lawsuit in ARTnews’s post yesterday reveals a lot about the state of art dealing today. That is, if you can read past the statement by Christie’s lawyer Jason Pollack in response to examining a “sellers agreement” dealer Inigo Philbrick produced for his former partners, German finance firm FAP.
The agreement purported to show a $9m guarantee from Ch…