.Nyc’s Jack Shainman Picture has actually filed suit collection agency James R. Hedges IV, alleging that he owes nearly $300,000 for the sales of 19 arts pieces that the gallery had consigned to him. The lawsuit, which was actually submitted in the High court of the State of The Big Apple on Friday, asserts that Hedges as well as his gallery, the Santa clam Monica– located Hedges Projects, were actually committed these jobs through statements courted in between June 2022 as well as May 2024.
Hedges and also his picture are actually implicated of being obligated to repay $298,772.72. Hedges has called himself “the go-to man for Warhol photography,” professing in his biography that he owns the biggest private compilation of photographs by the Pop musician. He has curated series of Warhol’s pictures, featuring one in 2020 at Port Shainman Picture accommodated prior to the start of the pandemic in New york city.
He also presented a selling show of Warhol’s art with Gagosian picture in 2022. Similar Contents. The boy of a collection agency of self-taught artists, Hedges centered full time on craft starting in 2013, the year that he departed the globe of investment financial, according to the Art Newspaper.
Besides gathering fine art, he has actually acted as a trustee to the Dia Fine Art Structure and also has been actually a client of the Gallery of Modern Fine Art in Nyc, the Aspen Fine Art Gallery in Colorado, as well as the Tate gallery network in the UK. He is presently conservator for the fine arts at the the Hotel Bel-Air as well as the Beverly Hills Hotel as well as Bungalows in Los Angeles. Port Shainman Exhibit was actually started in 1984 as well as currently exemplifies musicians such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Rose B.
Simpson. In January, the picture opened a new 20,000-square-foot space in Tribeca. Friday’s case did not information the art work Port Shainman Gallery had actually consigned to Hedges as well as his gallery, keeping in mind only that the 2 were supposed to market these works to enthusiasts.
Depending on to the satisfy, Hedges and also his picture “kept and also made use of those funds for their personal purposes as well as advantage.”. ” Hedges Projects is saddened to find out about the legal action filed through Jack Shainman Picture,” the gallery mentioned in a statement. “Hedges Projects as well as Jack Shainman Gallery possess possessed an effective company partnership since 2018.
It is actually regrettable that Jack Shainman Picture determined to sue while the parties remain in the middle of company settlements. Our experts strongly differ along with the claim, and also plan to assert counterclaims of our very own, if essential.”. A representative for Jack Shainman Gallery decreased to comment.