.New York's Port Shainman Gallery has actually filed a claim against debt collector James R. Hedges IV, alleging that he owes almost $300,000 for the sales of 19 arts pieces that the picture had consigned to him.
The lawsuit, which was actually filed in the High court of the State of Nyc on Friday, asserts that Hedges and his picture, the Santa Monica-- located Hedges Projects, were actually consigned these works through statements dated between June 2022 and also May 2024. Hedges as well as his gallery are implicated of being obligated to pay $298,772.72.
Hedges has actually called himself "the best fella for Warhol digital photography," asserting in his bio that he has the most significant exclusive compilation of pictures due to the Stand out musician. He has curated series of Warhol's photos, featuring one in 2020 at Port Shainman Picture accommodated before the beginning of the pandemic in Nyc. He also staged a marketing series of Warhol's fine art along with Gagosian gallery in 2022.
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The child of a collection agency of self-taught musicians, Hedges centered full time on art beginning in 2013, the year that he left the globe of investment financial, depending on to the Craft Paper. In addition to accumulating fine art, he has acted as a fiduciary to the Dia Craft Foundation and has actually been a customer of the Gallery of Modern Craft in Nyc, the Aspen Fine Art Gallery in Colorado, and also the Tate museum system in the UK. He is actually presently curator for the fine arts at the the Accommodation Bel-Air as well as the Beverly Hills Resort and also Bungalows in Los Angeles.
Jack Shainman Exhibit was actually started in 1984 as well as currently embodies performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Flower B. Simpson. In January, the picture opened up a brand new 20,000-square-foot area in Tribeca.
Friday's legal action carried out not particular the artworks Port Shainman Gallery had actually consigned to Hedges and also his gallery, taking note only that both were expected to market these works to collectors. Depending on to the satisfy, Hedges and his picture "maintained and utilized those funds for their very own purposes and benefit.".
" Hedges Projects is actually made blue to discover the claim submitted through Jack Shainman Gallery," the picture pointed out in a claim. "Hedges Projects and also Jack Shainman Picture possess possessed an effective business connection given that 2018. It is unlucky that Jack Shainman Picture chose to file a claim while the gatherings remain in the midst of company agreements. Our experts strongly differ along with the claim, and also strategy to claim counterclaims of our very own, if necessary.".
A representative for Jack Shainman Gallery decreased to comment.