.New York's Jack Shainman Picture has sued collector James R. Hedges IV, affirming that he is obligated to repay nearly $300,000 for the purchases of 19 art work that the gallery had consigned to him.
The lawsuit, which was filed in the Supreme Court of the State of The Big Apple on Friday, asserts that Hedges and also his gallery, the Santa Monica-- located Hedges Projects, were actually consigned these jobs via statements courted in between June 2022 and Might 2024. Hedges and also his picture are charged of being obligated to pay $298,772.72.
Hedges has actually called himself "the go-to fella for Warhol digital photography," stating in his bio that he possesses the greatest private selection of photographs due to the Stand out artist. He has actually curated shows of Warhol's pictures, featuring one in 2020 at Jack Shainman Picture accommodated just before the onset of the pandemic in The big apple. He likewise organized a marketing show of Warhol's fine art with Gagosian gallery in 2022.
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The child of a collection agency of self-taught performers, Hedges centered full-time on art beginning in 2013, the year that he left the globe of investment financial, depending on to the Craft Paper. Aside from accumulating fine art, he has actually served as a trustee to the Dia Craft Groundwork and also has actually been actually a client of the Museum of Modern Fine Art in New York City, the Aspen Craft Gallery in Colorado, and the Tate museum system in the UK. He is actually currently curator for the arts at the the Resort Bel-Air as well as the Beverly Hills Hotels And Resort as well as Bungalows in Los Angeles.
Port Shainman Exhibit was actually established in 1984 and presently stands for performers such as 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 room in Tribeca.
Friday's legal action carried out certainly not detail the artworks Port Shainman Gallery had committed to Hedges and also his picture, noting only that the 2 were expected to offer these jobs to collectors. According to the meet, Hedges and also his gallery "maintained and made use of those funds for their very own functions and also benefit.".
" Hedges Projects is distressed to discover the suit filed by Jack Shainman Picture," the picture mentioned in a statement. "Hedges Projects and Port Shainman Gallery have possessed a prosperous service partnership considering that 2018. It is unfavorable that Port Shainman Gallery made a decision to sue while the celebrations are in the middle of organization arrangements. Our team strongly disagree with the claim, and program to claim counterclaims of our personal, if essential.".
An agent for Port Shainman Gallery decreased to comment.