.The big apple's Port Shainman Gallery has actually filed a claim against collection agency James R. Hedges IV, declaring that he owes nearly $300,000 for the purchases of 19 artworks that the gallery had actually committed 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 as well as his gallery, the Santa clam Monica-- located Hedges Projects, were committed these works via billings gone out with between June 2022 as well as Might 2024. Hedges as well as his picture are accused of being obligated to repay $298,772.72.
Hedges has actually called himself "the best fella for Warhol digital photography," claiming in his bio that he owns the largest private compilation of photographs due to the Pop artist. He has actually curated series of Warhol's photos, featuring one in 2020 at Jack Shainman Gallery accommodated prior to the beginning of the pandemic in New york city. He additionally organized a marketing series of Warhol's craft along with Gagosian gallery in 2022.
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The boy of a collection agency of self-taught artists, Hedges concentrated full-time on fine art beginning in 2013, the year that he left the globe of assets financial, depending on to the Fine art Paper. In addition to picking up fine art, he has actually served as a fiduciary to the Dia Art Foundation and also has been a customer of the Gallery of Modern Fine Art in The Big Apple, the Aspen Craft Museum in Colorado, and also the Tate museum network in the UK. He is currently curator for the arts at the the Hotel Bel-Air and the Beverly Hillsides Hotel and also Bungalows in Los Angeles.
Jack Shainman Exhibit was founded in 1984 and currently exemplifies performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B. Simpson. In January, the picture opened up a new 20,000-square-foot room in Tribeca.
Friday's case did certainly not detail the art work Jack Shainman Gallery had consigned to Hedges and his gallery, noting just that the 2 were actually meant to offer these jobs to collectors. According to the fit, Hedges and also his gallery "always kept and also made use of those funds for their personal functions and also advantage.".
" Hedges Projects is distressed to learn about the lawsuit filed by Jack Shainman Gallery," the gallery stated in a declaration. "Hedges Projects and Port Shainman Picture possess possessed a successful organization connection due to the fact that 2018. It is actually unfavorable that Jack Shainman Gallery chose to sue while the gatherings remain in the midst of company negotiations. Our experts highly disagree along with the insurance claim, and plan to insist counterclaims of our personal, if needed.".
A representative for Jack Shainman Gallery decreased to comment.