A former Mayfair art dealer faces up to 20 years in prison after pleading guilty to conning art buyers out of more than $86 million.

Inigo Philbrick, 34, fled to the Pacific island nation of Vanuatu after his elaborate scams, which involved selling the same art works to different investors, began to unravel.

When asked by the judge why he did it, Philbrick said: “For the money, your honour.”

He entered the art scene more than a decade ago, rising up the ranks at the White Cube gallery in London, where he started as an intern, and going on to run two galleries in London and Miami, specialising in postwar and contemporary fine art.

The Connecticut-born son of an art museum curator pleaded guilty to

Read more…