.New york city's Port Shainman Picture has taken legal action against collection agency James R. Hedges IV, alleging that he owes virtually $300,000 for the purchases of 19 artworks that the picture had actually committed to him.
The case, which was actually filed in the High court of the State of New York on Friday, claims that Hedges as well as his gallery, the Santa Monica-- located Hedges Projects, were actually consigned these jobs by means of invoices courted in between June 2022 and also Might 2024. Hedges and also his gallery are actually accused of owing $298,772.72.
Hedges has actually called themself "the best individual for Warhol digital photography," claiming in his profile that he possesses the largest personal collection of photographs due to the Pop musician. He has actually curated series of Warhol's photos, featuring one in 2020 at Jack Shainman Picture carried just before the onset of the pandemic in New york city. He additionally organized a selling show of Warhol's fine art with Gagosian gallery in 2022.
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The child of a collector of self-taught performers, Hedges focused full-time on art beginning in 2013, the year that he departed the world of financial investment banking, depending on to the Fine art Newspaper. Besides accumulating craft, he has actually worked as a fiduciary to the Dia Art Groundwork as well as has been a customer of the Museum of Modern Art in Nyc, the Aspen Art Gallery in Colorado, as well as the Tate museum system in the UK. He is currently manager for the arts at the the Hotels and resort Bel-Air as well as the Beverly Hills Hotel and Bungalows in Los Angeles.
Jack Shainman Exhibit was founded in 1984 and also currently represents musicians like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Rose B. Simpson. In January, the gallery opened a brand-new 20,000-square-foot space in Tribeca.
Friday's legal action performed not detail the art work Port Shainman Gallery had actually committed to Hedges as well as his picture, keeping in mind only that the two were actually intended to sell these jobs to collectors. According to the fit, Hedges and also his gallery "kept as well as used those funds for their own purposes and also perk.".
" Hedges Projects is actually made blue to find out about the legal action filed by Port Shainman Picture," the gallery said in a declaration. "Hedges Projects and also Jack Shainman Gallery have had a productive business connection since 2018. It is actually unlucky that Port Shainman Gallery made a decision to sue while the celebrations reside in the midst of organization settlements. Our company highly differ along with the insurance claim, and also plan to declare counterclaims of our own, if essential.".
A representative for Jack Shainman Picture declined to comment.