Three prominent artists—Alexandre Diop, Deborah Roberts and Kehinde Wiley—are among those worst hit by the bankruptcy of Stephen Friedman Gallery, according to formal documents recently filed by administrators on Companies House.
Diop is owed £341,905, Roberts £289,232 and Wiley £163,849. As unsecured creditors, they are expected to receive eight to nine pence for every pound owed. A proposal to deal with the financial fallout from the London- and New York-based gallery’s closure in February was submitted by the insolvency practitioners FRP Advisory on 30 March and approved on 22 April.
Alexandre Diop
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The filings reveal that a total of £7.8m is owed to creditors, with Coutts & Company bank…