.The big apple's Port Shainman Gallery has filed suit collection agency James R. Hedges IV, affirming that he is obligated to pay virtually $300,000 for the purchases of 19 artworks that the picture had actually consigned to him.
The claim, which was filed in the High court of the Condition of New York on Friday, asserts that Hedges and his picture, the Santa Monica-- based Hedges Projects, were actually committed these works by means of invoices gone out with between June 2022 and Might 2024. Hedges and also his picture are implicated of being obligated to repay $298,772.72.
Hedges has called himself "the best man for Warhol photography," asserting in his bio that he possesses the biggest exclusive compilation of pictures by the Pop artist. He has actually curated shows of Warhol's pictures, including one in 2020 at Port Shainman Picture held prior to the start of the pandemic in New york city. He also organized a selling series of Warhol's craft with Gagosian gallery in 2022.
Relevant Articles.
The boy of an enthusiast of self-taught musicians, Hedges concentrated full-time on art beginning in 2013, the year that he departed the globe of financial investment financial, according to the Craft Paper. Besides picking up art, he has actually worked as a trustee to the Dia Art Groundwork and also has actually been actually a client of the Gallery of Modern Craft in The Big Apple, the Aspen Craft Museum in Colorado, and the Tate gallery network in the UK. He is actually currently curator for the fine arts at the the Lodging Bel-Air as well as the Beverly Hills Resort as well as Bungalows in Los Angeles.
Jack Shainman Showroom was actually founded in 1984 as well as currently exemplifies musicians like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Rose B. Simpson. In January, the gallery opened up a brand-new 20,000-square-foot area in Tribeca.
Friday's claim did not information the artworks Jack Shainman Picture had actually committed to Hedges as well as his picture, noting just that both were actually intended to market these jobs to collectors. According to the meet, Hedges and also his gallery "always kept and made use of those funds for their own functions and also advantage.".
" Hedges Projects is made blue to discover the claim submitted by Port Shainman Gallery," the picture mentioned in a statement. "Hedges Projects and also Port Shainman Picture have possessed a successful organization relationship due to the fact that 2018. It is regrettable that Jack Shainman Picture chose to sue while the events are in the midst of organization negotiations. We firmly differ along with the insurance claim, as well as strategy to insist counterclaims of our personal, if important.".
A representative for Port Shainman Gallery dropped to comment.