.Nyc's Jack Shainman Gallery has actually sued collection agency James R. Hedges IV, affirming that he is obligated to repay virtually $300,000 for the sales of 19 arts pieces that the gallery had consigned to him.
The lawsuit, which was submitted in the Supreme Court of the State of New York City on Friday, asserts that Hedges as well as his picture, the Santa Monica-- located Hedges Projects, were actually consigned these works by means of statements dated in between June 2022 and May 2024. Hedges and his picture are actually charged of being obligated to repay $298,772.72.
Hedges has actually called himself "the go-to guy for Warhol digital photography," professing in his profile that he has the greatest exclusive collection of pictures due to the Stand out performer. He has actually curated series of Warhol's photographs, consisting of one in 2020 at Port Shainman Gallery contained prior to the start of the pandemic in Nyc. He additionally staged a marketing series of Warhol's craft with Gagosian picture in 2022.
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The son of an enthusiast of self-taught artists, Hedges focused full time on fine art beginning in 2013, the year that he left the globe of financial investment banking, depending on to the Art Paper. Along with collecting art, he has acted as a fiduciary to the Dia Craft Groundwork and has been a client of the Museum of Modern Craft in New York City, the Aspen Fine Art Museum in Colorado, and the Tate museum system in the UK. He is presently curator for the arts at the the Resort Bel-Air and also the Beverly Hillsides Resort and also Bungalows in Los Angeles.
Port Shainman Showroom was actually founded in 1984 and currently stands for artists like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B. Simpson. In January, the picture opened a brand-new 20,000-square-foot room in Tribeca.
Friday's case performed certainly not information the artworks Port Shainman Picture had actually consigned to Hedges and his picture, noting simply that the 2 were actually intended to market these works to enthusiasts. According to the match, Hedges and his gallery "always kept and made use of those funds for their own objectives as well as benefit.".
" Hedges Projects is actually made blue to learn about the suit filed through Port Shainman Picture," the picture pointed out in a claim. "Hedges Projects as well as Jack Shainman Picture have possessed a productive business connection because 2018. It is actually unfortunate that Jack Shainman Gallery determined to sue while the gatherings remain in the midst of business settlements. Our company firmly differ along with the case, and also planning to insist counterclaims of our personal, if important.".
An agent for Jack Shainman Gallery declined to comment.