.New york city's Jack Shainman Gallery has actually filed suit debt collector James R. Hedges IV, alleging that he is obligated to pay almost $300,000 for the purchases of 19 art work that the picture had actually consigned to him.
The claim, which was actually submitted in the High court of the Condition of Nyc on Friday, claims that Hedges and his gallery, the Santa clam Monica-- based Hedges Projects, were committed these jobs using billings gone out with in between June 2022 and Might 2024. Hedges and also his picture are indicted of being obligated to repay $298,772.72.
Hedges has actually called himself "the go-to guy for Warhol digital photography," stating in his biography that he has the greatest private compilation of pictures due to the Pop musician. He has curated shows of Warhol's pictures, featuring one in 2020 at Port Shainman Gallery contained just before the beginning of the pandemic in Nyc. He also organized a selling series of Warhol's craft along with Gagosian gallery in 2022.
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The boy of a debt collector of self-taught performers, Hedges concentrated full-time on fine art beginning in 2013, the year that he left the globe of assets banking, according to the Fine art Newspaper. Along with collecting fine art, he has actually acted as a fiduciary to the Dia Art Structure and has been a patron of the Museum of Modern Craft in Nyc, the Aspen Fine Art Museum in Colorado, and also the Tate museum network in the UK. He is actually currently manager for the arts at the the Resort Bel-Air and the Beverly Hillsides Resort and Bungalows in Los Angeles.
Jack Shainman Gallery was actually established in 1984 and also currently stands for artists including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Flower B. Simpson. In January, the picture opened a brand-new 20,000-square-foot space in Tribeca.
Friday's lawsuit performed not information the arts pieces Port Shainman Picture had actually consigned to Hedges as well as his gallery, taking note simply that the two were actually expected to market these jobs to collectors. Depending on to the meet, Hedges and his picture "kept as well as made use of those funds for their own purposes as well as benefit.".
" Hedges Projects is actually grieved to learn more about the legal action submitted by Port Shainman Picture," the gallery said in a claim. "Hedges Projects and also Port Shainman Picture have had an effective organization connection because 2018. It is actually unlucky that Port Shainman Gallery chose to sue while the events remain in the middle of service settlements. Our team strongly differ along with the claim, and also program to declare counterclaims of our own, if needed.".
An agent for Jack Shainman Picture decreased to comment.