.The big apple's Jack Shainman Picture has actually filed suit collection agency James R. Hedges IV, declaring that he is obligated to repay nearly $300,000 for the sales of 19 artworks that the picture had consigned to him.
The legal action, which was actually submitted in the Supreme Court of the Condition of The Big Apple on Friday, asserts that Hedges and his picture, the Santa Monica-- based Hedges Projects, were committed these works by means of invoices courted between June 2022 and Might 2024. Hedges and his gallery are indicted of owing $298,772.72.
Hedges has called himself "the go-to guy for Warhol photography," claiming in his bio that he has the biggest exclusive collection of pictures by the Pop artist. He has curated programs of Warhol's photos, consisting of one in 2020 at Port Shainman Picture accommodated just before the beginning of the pandemic in The big apple. He additionally presented a selling program of Warhol's art with Gagosian picture in 2022.
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The son of a collection agency of self-taught performers, Hedges centered full-time on craft beginning in 2013, the year that he departed the world of investment banking, depending on to the Fine art Paper. Aside from collecting fine art, he has worked as a fiduciary to the Dia Fine Art Base and also has actually been a client of the Museum of Modern Craft in The Big Apple, the Aspen Craft Gallery in Colorado, and also the Tate gallery network in the UK. He is actually currently curator for the fine arts at the the Hotels and resort Bel-Air as well as the Beverly Hills Hotels And Resort and also Bungalows in Los Angeles.
Port Shainman Exhibit was actually founded in 1984 as well as currently embodies musicians like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Flower B. Simpson. In January, the gallery opened a brand-new 20,000-square-foot room in Tribeca.
Friday's claim did not information the artworks Jack Shainman Gallery had committed to Hedges and also his picture, noting merely that the 2 were intended to sell these works to enthusiasts. Depending on to the match, Hedges and his gallery "maintained and made use of those funds for their own reasons as well as perk.".
" Hedges Projects is actually saddened to discover the lawsuit submitted by Port Shainman Gallery," the gallery stated in a statement. "Hedges Projects and Port Shainman Picture have possessed a prosperous company partnership due to the fact that 2018. It is unfavorable that Jack Shainman Gallery determined to file a claim while the events remain in the middle of business agreements. We firmly differ along with the insurance claim, and strategy to declare counterclaims of our very own, if important.".
A rep for Port Shainman Gallery decreased to comment.