.Nyc's Port Shainman Gallery has sued collector James R. Hedges IV, affirming that he owes nearly $300,000 for the purchases of 19 artworks that the picture had actually consigned to him.
The case, which was actually filed in the High court of the State of The Big Apple on Friday, declares that Hedges and his gallery, the Santa Monica-- based Hedges Projects, were committed these jobs using invoices dated in between June 2022 and also May 2024. Hedges and his gallery are actually indicted of being obligated to repay $298,772.72.
Hedges has actually called themself "the go-to guy for Warhol digital photography," asserting in his biography that he possesses the most significant personal collection of pictures due to the Stand out musician. He has curated programs of Warhol's photos, consisting of one in 2020 at Jack Shainman Gallery accommodated before the start of the pandemic in The big apple. He also organized a marketing show of Warhol's fine art with Gagosian picture in 2022.
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The son of an enthusiast of self-taught artists, Hedges concentrated full-time on fine art beginning in 2013, the year that he departed the planet of financial investment financial, depending on to the Craft Paper. In addition to gathering fine art, he has actually worked as a trustee to the Dia Art Foundation and has actually been actually a patron of the Gallery of Modern Art in New York City, the Aspen Fine Art Gallery in Colorado, and also the Tate gallery system in the UK. He is presently curator for the fine arts at the the Hotels and resort Bel-Air as well as the Beverly Hills Lodging and Bungalows in Los Angeles.
Port Shainman Exhibit was actually founded in 1984 and also currently works with performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B. Simpson. In January, the gallery opened up a new 20,000-square-foot room in Tribeca.
Friday's claim carried out certainly not information the arts pieces Jack Shainman Gallery had consigned to Hedges and also his picture, noting only that the 2 were intended to market these works to debt collectors. Depending on to the meet, Hedges and also his picture "always kept as well as utilized those funds for their very own objectives as well as advantage.".
" Hedges Projects is grieved to find out about the lawsuit submitted through Port Shainman Gallery," the gallery mentioned in a declaration. "Hedges Projects and Jack Shainman Gallery possess possessed a successful service connection due to the fact that 2018. It is actually unlucky that Jack Shainman Picture determined to file a claim while the gatherings remain in the middle of business arrangements. Our team firmly disagree with the case, as well as planning to claim counterclaims of our very own, if essential.".
A representative for Jack Shainman Picture declined to comment.