{"id":27538,"date":"2025-01-15T02:14:32","date_gmt":"2025-01-15T02:14:32","guid":{"rendered":"https:\/\/peraltafinancing.com\/entertainment\/art\/falling-reagan-upshaw-fine-art\/"},"modified":"2025-01-15T02:14:32","modified_gmt":"2025-01-15T02:14:32","slug":"falling-reagan-upshaw-fine-art","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=27538","title":{"rendered":"Falling – Reagan Upshaw Fine Art"},"content":{"rendered":"


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In this time when the world seems full of darkness, both natural and political, I have been distracting myself by reading Orlando Whitfield\u2019s new book <\/span>All That Glitters: A Story of Friendship, Fraud, and Fine Art<\/span><\/i>\u00a0(Pantheon Press).\u00a0 The fraud was committed by Whitfield\u2019s American friend, Inigo Philbrick, whom he met at Goldsmith\u2019s, a college of the University of London.\u00a0 From the earliest days of their friendship, Whitfield was fascinated by Philbrick\u2019s ability to soak up art market information and to form highly advantageous art-world relationships with seemingly effortless ease.\u00a0\u00a0<\/span><\/p>\n

Whitfield portrays himself as a sort of Robin to Philbrick\u2019s Batman as they begin a gallery together.\u00a0 In short order, however, Philbrook has moved far ahead of his friend, leaving their joint effort to work for one of London\u2019s premier contemporary dealers.\u00a0 He is raking in the big bucks, his cellphone constantly buzzing with the details of complicated transactions involving artworks which trade for millions of pounds.\u00a0\u00a0<\/span><\/p>\n

It\u2019s a world of Billionaires and Beautiful People who spend the year traveling on their private jets to art fairs around the world.\u00a0 Their only respite seems to come in December after the close of Miami Basel, when they all knock off to go skiing in St. Moritz.\u00a0 Artworks are bought, sold, and then resold for enormous prices, even though the buyers often do not even see the works in person; instead, the works are moved from the seller\u2019s space to the buyer\u2019s space at some duty-free warehouse outside Geneva.<\/span><\/p>\n

Whitfield occasionally gets invited to a reception like a poor relation, or he enjoys lunch with his friend at an exclusive club, reminiscing with Philbrick between urgent texts arriving on the latter\u2019s phone.\u00a0 Philbrick knows everyone, it seems, and has his finger precisely on the market, knowing which artist will get hot next and who\u2019s pass\u00e9.\u00a0 He doesn\u2019t deal in any artists whose works don\u2019t sell for at least six figures.<\/span><\/p>\n

But it\u2019s an artificial world, in every sense of the word, and Philbrick has forgotten, if he ever knew it, the number one truth about the art world: \u201cAny dealer who mistakes his clients\u2019 lifestyle for his own is in for big trouble.\u201d\u00a0 Philbrook is staking big money from investors on things that have no inherent value.\u00a0 Whitfield sums things up neatly after relating the story of his selling an artwork to Philbrook, all the time lying to him about the fact that the \u201cprivately-owned\u201d painting had come from another dealer they both knew:<\/span><\/p>\n

But, as much as we were all lying to each other, we were also all engaged in a collective act of self-delusion: deliberately choosing not to question whether these things are worth these enormous sums of money, that the market can value them in advance of history\u2019s verdict.\u00a0 The money that has been injected into the contemporary art market can only ever be seen as speculative at its core.\u00a0 Because, unlike tradable concrete assets like timber or grain, trading artworks is always trading futures in the hopes that fashion will dictate their continuing rise in value; necessity, that keystone of economic forces, does not apply.\u00a0 This makes the art market widely unstable: vast sums of money change hands, often sealed by little more than a handshake, for assets that have no intrinsic value and whose quality has been decided by an international phalanx of tastemakers whose quixotic desires serve only their own ends.\u00a0 Woe betide the art market when the apocalypse arrives.<\/span><\/i><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

In this time when the world seems full of darkness, both natural and political, I have been distracting myself by reading Orlando Whitfield\u2019s new book All That Glitters: A Story of Friendship, Fraud, and Fine Art\u00a0(Pantheon Press).\u00a0 The fraud was committed by Whitfield\u2019s American friend, Inigo Philbrick, whom he met at Goldsmith\u2019s, a college of […]<\/p>\n","protected":false},"author":1,"featured_media":27539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100],"tags":[1885,6779,788,18810,18811],"dealstore":[],"offerexpiration":[],"class_list":["post-27538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-art","tag-art","tag-falling","tag-fine","tag-reagan","tag-upshaw"],"yoast_head":"\nFalling - Reagan Upshaw Fine Art - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=27538\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Falling - Reagan Upshaw Fine Art - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"In this time when the world seems full of darkness, both natural and political, I have been distracting myself by reading Orlando Whitfield\u2019s new book All That Glitters: A Story of Friendship, Fraud, and Fine Art\u00a0(Pantheon Press).\u00a0 The fraud was committed by Whitfield\u2019s American friend, Inigo Philbrick, whom he met at Goldsmith\u2019s, a college of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=27538\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-15T02:14:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/Falling-RUFA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=27538#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=27538\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"Falling – Reagan Upshaw Fine Art\",\"datePublished\":\"2025-01-15T02:14:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=27538\"},\"wordCount\":597,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=27538#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/Falling-RUFA.jpg\",\"keywords\":[\"Art\",\"Falling\",\"Fine\",\"Reagan\",\"Upshaw\"],\"articleSection\":[\"Art\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=27538#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=27538\",\"url\":\"https:\/\/fivemor.com\/?p=27538\",\"name\":\"Falling - 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