.New york city's Jack Shainman Picture has actually filed suit enthusiast James R. Hedges IV, affirming that he is obligated to repay almost $300,000 for the sales of 19 arts pieces that the picture had consigned to him.
The lawsuit, which was actually submitted in the High court of the State of Nyc on Friday, states that Hedges and also his picture, the Santa clam Monica-- located Hedges Projects, were actually consigned these jobs using statements dated between June 2022 and also May 2024. Hedges as well as his picture are implicated of being obligated to repay $298,772.72.
Hedges has actually called himself "the best guy for Warhol digital photography," stating in his profile that he owns the largest personal collection of pictures by the Stand out musician. He has actually curated shows of Warhol's pictures, featuring one in 2020 at Jack Shainman Picture held just before the beginning of the pandemic in New york city. He likewise presented a marketing series of Warhol's art with Gagosian picture in 2022.
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The boy of a collector of self-taught musicians, Hedges concentrated permanent on fine art beginning in 2013, the year that he departed the world of expenditure banking, depending on to the Craft Newspaper. Besides collecting art, he has served as a fiduciary to the Dia Fine Art Structure and has been a client of the Gallery of Modern Art in New York, the Aspen Art Museum in Colorado, as well as the Tate gallery system in the UK. He is actually currently conservator for the crafts at the the Accommodation Bel-Air and also the Beverly Hills Hotel and also Bungalows in Los Angeles.
Port Shainman Exhibit was actually established in 1984 as well as currently works with performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Flower B. Simpson. In January, the gallery opened a brand new 20,000-square-foot space in Tribeca.
Friday's legal action carried out certainly not information the arts pieces Jack Shainman Picture had actually committed to Hedges and also his gallery, keeping in mind only that the two were actually intended to sell these works to collection agencies. According to the suit, Hedges as well as his gallery "always kept as well as utilized those funds for their own functions and also advantage.".
" Hedges Projects is actually saddened to learn more about the suit submitted through Port Shainman Picture," the gallery said in a claim. "Hedges Projects and also Port Shainman Gallery possess had a successful service connection since 2018. It is actually unfavorable that Port Shainman Picture determined to sue while the celebrations remain in the middle of business negotiations. Our company firmly differ along with the claim, as well as program to declare counterclaims of our personal, if important.".
A representative for Port Shainman Picture dropped to comment.