.The big apple's Jack Shainman Gallery has actually sued collector James R. Hedges IV, alleging that he owes almost $300,000 for the purchases of 19 arts pieces that the gallery had consigned to him.
The legal action, which was actually filed in the Supreme Court of the Condition of Nyc on Friday, professes that Hedges as well as his picture, the Santa Monica-- located Hedges Projects, were actually committed these works via invoices dated in between June 2022 as well as May 2024. Hedges and also his gallery are actually implicated of owing $298,772.72.
Hedges has actually called himself "the go-to fella for Warhol photography," stating in his bio that he has the biggest private compilation of photos by the Stand out musician. He has actually curated shows of Warhol's pictures, featuring one in 2020 at Jack Shainman Gallery held before the start of the pandemic in The big apple. He likewise presented a selling show of Warhol's craft along with Gagosian picture in 2022.
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The son of a debt collector of self-taught artists, Hedges concentrated full time on craft beginning in 2013, the year that he left the world of expenditure banking, depending on to the Fine art Paper. Besides gathering fine art, he has worked as a fiduciary to the Dia Fine Art Structure as well as has been actually a customer of the Gallery of Modern Craft in New York, the Aspen Art Gallery in Colorado, as well as the Tate museum network in the UK. He is currently manager for the fine arts at the the Hotel Bel-Air and also the Beverly Hills Lodging as well as Bungalows in Los Angeles.
Port Shainman Showroom was started in 1984 and also currently exemplifies performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B. Simpson. In January, the gallery opened up a new 20,000-square-foot room in Tribeca.
Friday's claim carried out certainly not particular the artworks Port Shainman Picture had actually committed to Hedges and also his picture, keeping in mind simply that the 2 were actually expected to offer these jobs to enthusiasts. Depending on to the match, Hedges and his gallery "maintained and used those funds for their personal functions as well as perk.".
" Hedges Projects is actually grieved to discover the suit submitted by Port Shainman Gallery," the picture stated in a claim. "Hedges Projects as well as Port Shainman Picture possess had a prosperous service relationship since 2018. It is actually regrettable that Port Shainman Gallery determined to sue while the celebrations are in the midst of organization discussions. Our company definitely differ with the claim, as well as planning to declare counterclaims of our very own, if essential.".
A representative for Jack Shainman Picture dropped to comment.