.New York's Port Shainman Gallery has sued collection agency James R. Hedges IV, alleging that he is obligated to repay virtually $300,000 for the sales of 19 art work that the gallery had consigned to him.
The legal action, which was actually submitted in the High court of the State of New York City on Friday, declares that Hedges and his picture, the Santa clam Monica-- located Hedges Projects, were committed these works by means of invoices courted in between June 2022 and Might 2024. Hedges as well as his picture are actually accused of owing $298,772.72.
Hedges has called themself "the go-to fella for Warhol photography," stating in his biography that he has the most significant private selection of photos due to the Stand out performer. He has curated programs of Warhol's photos, featuring one in 2020 at Jack Shainman Gallery accommodated before the beginning of the pandemic in New York. He additionally presented a selling show of Warhol's art along with Gagosian gallery in 2022.
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The child of an enthusiast of self-taught musicians, Hedges focused full time on craft starting in 2013, the year that he left the world of investment banking, according to the Art Paper. In addition to gathering craft, he has actually worked as a fiduciary to the Dia Fine Art Groundwork and also has actually been a patron of the Gallery of Modern Craft in The Big Apple, the Aspen Craft Museum in Colorado, and the Tate museum system in the UK. He is actually currently curator for the arts at the the Accommodation Bel-Air and also the Beverly Hillsides Resort and also Bungalows in Los Angeles.
Jack Shainman Exhibit was established in 1984 and also presently works with artists like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Rose B. Simpson. In January, the picture opened a brand-new 20,000-square-foot room in Tribeca.
Friday's suit did certainly not particular the art work Jack Shainman Picture had consigned to Hedges and also his gallery, taking note merely that the two were actually meant to sell these works to enthusiasts. Depending on to the fit, Hedges and also his gallery "maintained and also used those funds for their own purposes as well as advantage.".
" Hedges Projects is distressed to find out about the suit submitted by Port Shainman Picture," the gallery claimed in a statement. "Hedges Projects as well as Port Shainman Gallery have possessed an effective organization connection considering that 2018. It is actually unfortunate that Jack Shainman Picture decided to file a claim while the events reside in the middle of business discussions. We highly disagree along with the case, and strategy to assert counterclaims of our own, if required.".
A representative for Jack Shainman Picture declined to comment.