Vasari Art Codex

trending_up market schedule Oct 7, 2025 visibility 4 link 1 artist, 4 galleries

wade guyton artwork inigo philbricks flops at sothebys 1234755862

A Wade Guyton artwork (2007) that was forfeited by Inigo Philbrick's business partner Robert Newland failed to sell at Sotheby's New York in late March 2025, carrying an estimate of $200,000 to $300,000. The same piece had previously sold for $208,000 at a U.S. Marshals Service auction in Texas in August 2023, a steep decline from its $490,000 sale at Sotheby's in 2015. Another Guyton from the same forfeiture—a 2018 piece owned by Philbrick himself—sold for $215,100 at the Texas auction, representing a 65% drop from its 2018 Christie's Paris sale of €535,500 (about $625,000). The article also notes a curious discrepancy: the Texas auction catalog listed a Phillips auction house label on the 2007 Guyton, but Phillips does not appear in the work's provenance, and Philbrick was known to do business with Phillips.

newspaper ARTnews open_in_new Read original

wade guyton artwork inigo philbricks flops at sothebys 1234755862

A Wade Guyton artwork (2007) that was forfeited by Inigo Philbrick's business partner Robert Newland failed to sell at a Sotheby's New York auction in late April 2025, carrying an estimate of $200,000 to $300,000. The piece had previously sold for $208,000 in a U.S. Marshals Service auction at Gaston & Sheehan in Texas in August 2023, a steep decline from its $490,000 sale at Sotheby's in 2015. The artwork's provenance traces back to Modern Collections, London, the dealership founded by White Cube's Jay Jopling, where both Philbrick and Newland served as directors. A second Guyton (2018) forfeited by Philbrick himself sold for $215,100 at the same 2023 U.S. Marshals auction, representing a 65% drop from its 2018 Christie's Paris sale.