.The big apple's Port Shainman Picture has actually sued enthusiast James R. Hedges IV, affirming that he is obligated to repay almost $300,000 for the purchases of 19 artworks that the gallery had actually consigned to him.
The lawsuit, which was filed in the Supreme Court of the Condition of Nyc on Friday, declares that Hedges as well as his gallery, the Santa clam Monica-- based Hedges Projects, were actually committed these works by means of invoices dated between June 2022 as well as Might 2024. Hedges and his picture are actually implicated of being obligated to repay $298,772.72.
Hedges has actually called himself "the best individual for Warhol photography," stating in his biography that he owns the greatest exclusive collection of photographs due to the Stand out musician. He has actually curated shows of Warhol's photos, consisting of one in 2020 at Jack Shainman Gallery contained prior to the beginning of the pandemic in The big apple. He additionally presented a marketing program of Warhol's craft with Gagosian picture in 2022.
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The boy of a debt collector of self-taught artists, Hedges concentrated full time on fine art beginning in 2013, the year that he departed the globe of investment banking, depending on to the Art Newspaper. Aside from accumulating craft, he has actually worked as a fiduciary to the Dia Craft Structure and also has been a client of the Gallery of Modern Art in New York City, the Aspen Fine Art Gallery in Colorado, and the Tate museum network in the UK. He is actually currently curator for the fine arts at the the Hotels and resort Bel-Air and also the Beverly Hillsides Hotel and also Bungalows in Los Angeles.
Port Shainman Exhibit was actually established in 1984 as well as presently exemplifies performers including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B. Simpson. In January, the gallery opened a brand new 20,000-square-foot room in Tribeca.
Friday's legal action did not information the art work Port Shainman Gallery had consigned to Hedges and also his gallery, noting only that the two were actually expected to market these jobs to collectors. Depending on to the satisfy, Hedges and his gallery "kept as well as utilized those funds for their very own functions and advantage.".
" Hedges Projects is actually saddened to learn about the suit submitted by Jack Shainman Gallery," the gallery mentioned in a declaration. "Hedges Projects as well as Jack Shainman Gallery possess had a successful company partnership due to the fact that 2018. It is unfortunate that Port Shainman Picture made a decision to file a claim while the events reside in the middle of organization settlements. Our experts firmly disagree along with the case, and also program to assert counterclaims of our own, if important.".
A representative for Jack Shainman Gallery dropped to comment.