.Nyc's Port Shainman Picture has sued enthusiast James R. Hedges IV, affirming that he owes nearly $300,000 for the purchases of 19 art work that the picture had consigned to him.
The lawsuit, which was submitted in the Supreme Court of the Condition of New York on Friday, claims that Hedges and also his picture, the Santa clam Monica-- based Hedges Projects, were actually consigned these works by means of invoices dated between June 2022 and also Might 2024. Hedges and also his gallery are charged of being obligated to repay $298,772.72.
Hedges has called themself "the best man for Warhol photography," declaring in his bio that he has the largest private selection of photographs due to the Pop performer. He has actually curated programs of Warhol's photos, featuring one in 2020 at Jack Shainman Gallery held before the onset of the pandemic in The big apple. He also staged a marketing show of Warhol's art with Gagosian picture in 2022.
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The son of a collector of self-taught performers, Hedges focused full-time on art beginning in 2013, the year that he left the world of expenditure banking, depending on to the Art Newspaper. Aside from accumulating craft, he has actually functioned as a fiduciary to the Dia Art Base and has been a client of the Museum of Modern Art in New York, the Aspen Fine Art Gallery in Colorado, and also the Tate museum system in the UK. He is actually currently conservator for the arts at the the Hotel Bel-Air as well as the Beverly Hillsides Hotels And Resort and also Bungalows in Los Angeles.
Jack Shainman Showroom was actually started in 1984 and also currently stands for performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Flower B. Simpson. In January, the picture opened a brand new 20,000-square-foot area in Tribeca.
Friday's claim did certainly not particular the art work Jack Shainman Gallery had consigned to Hedges and also his gallery, taking note simply that both were expected to sell these works to enthusiasts. Depending on to the match, Hedges and his picture "always kept and also utilized those funds for their own reasons as well as benefit.".
" Hedges Projects is actually saddened to find out about the lawsuit filed through Port Shainman Gallery," the gallery said in a claim. "Hedges Projects and also Port Shainman Picture have had an effective business partnership considering that 2018. It is unfavorable that Jack Shainman Gallery made a decision to file a claim while the celebrations remain in the middle of service negotiations. We firmly differ along with the case, and plan to declare counterclaims of our very own, if essential.".
An agent for Port Shainman Gallery decreased to comment.