.New york city's Port Shainman Gallery has actually sued collection agency James R. Hedges IV, alleging that he is obligated to repay virtually $300,000 for the purchases of 19 arts pieces that the gallery had actually consigned to him.
The legal action, which was actually filed in the Supreme Court of the State of New York on Friday, declares that Hedges and also his gallery, the Santa clam Monica-- located Hedges Projects, were committed these works using statements courted between June 2022 and May 2024. Hedges as well as his picture are actually indicted of owing $298,772.72.
Hedges has actually called himself "the go-to individual for Warhol digital photography," claiming in his bio that he has the largest personal assortment of photographs by the Stand out musician. He has actually curated programs of Warhol's photos, including one in 2020 at Jack Shainman Picture held just before the onset of the pandemic in Nyc. He additionally staged a marketing show of Warhol's art along with Gagosian picture in 2022.
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The son of a collection agency of self-taught performers, Hedges centered full-time on art starting in 2013, the year that he left the planet of financial investment banking, according to the Fine art Newspaper. Along with gathering craft, he has actually served as a trustee to the Dia Art Structure as well as has actually been actually a customer of the Gallery of Modern Fine Art in New York, the Aspen Art Museum in Colorado, as well as the Tate museum network in the UK. He is presently conservator for the fine arts at the the Hotels and resort Bel-Air and also the Beverly Hillsides Accommodation and also Bungalows in Los Angeles.
Port Shainman Exhibit was started in 1984 and also currently stands for artists including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Rose B. Simpson. In January, the gallery opened up a brand-new 20,000-square-foot room in Tribeca.
Friday's legal action performed not information the artworks Jack Shainman Picture had consigned to Hedges and his gallery, noting simply that the 2 were actually supposed to sell these works to collectors. According to the match, Hedges as well as his gallery "maintained and also utilized those funds for their personal functions and also advantage.".
" Hedges Projects is actually grieved to learn about the claim submitted by Jack Shainman Gallery," the gallery stated in a claim. "Hedges Projects and Port Shainman Gallery have possessed a productive business partnership due to the fact that 2018. It is actually unfavorable that Jack Shainman Picture decided to sue while the events remain in the midst of company settlements. We highly disagree with the insurance claim, and also program to declare counterclaims of our personal, if essential.".
An agent for Port Shainman Picture declined to comment.