.New York’s Jack Shainman Picture has taken legal action against collection agency James R. Hedges IV, alleging that he is obligated to repay virtually $300,000 for the purchases of 19 artworks that the gallery had committed to him. The legal action, which was actually filed in the Supreme Court of the Condition of Nyc on Friday, claims that Hedges and also his gallery, the Santa clam Monica– based Hedges Projects, were consigned these works through statements courted in between June 2022 and also Might 2024.
Hedges and also his gallery are actually implicated of being obligated to repay $298,772.72. Hedges has called themself “the go-to person for Warhol digital photography,” stating in his biography that he possesses the largest exclusive selection of photographs due to the Stand out performer. He has actually curated shows of Warhol’s photos, including one in 2020 at Port Shainman Picture held before the start of the pandemic in Nyc.
He additionally staged a selling program of Warhol’s fine art with Gagosian picture in 2022. Similar Articles. The child of an enthusiast of self-taught performers, Hedges centered full time on art beginning in 2013, the year that he departed the planet of financial investment banking, depending on to the Craft Paper.
Besides gathering fine art, he has actually functioned as a trustee to the Dia Fine Art Groundwork and has been actually a client of the Gallery of Modern Craft in New York, the Aspen Art Gallery in Colorado, and also the Tate museum network in the UK. He is presently conservator for the arts at the the Hotels and resort Bel-Air as well as the Beverly Hillsides Lodging and also Bungalows in Los Angeles. Port Shainman Gallery was actually started in 1984 and presently embodies musicians such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B.
Simpson. In January, the picture opened a new 20,000-square-foot area in Tribeca. Friday’s case performed not information the art work Jack Shainman Gallery had consigned to Hedges and his gallery, keeping in mind just that the two were meant to sell these jobs to debt collectors.
According to the meet, Hedges as well as his picture “kept and also used those funds for their very own purposes and also benefit.”. ” Hedges Projects is made blue to find out about the suit submitted by Port Shainman Picture,” the gallery stated in a statement. “Hedges Projects as well as Jack Shainman Gallery possess had an effective business partnership due to the fact that 2018.
It is actually unlucky that Port Shainman Picture chose to file a claim while the events are in the middle of company discussions. We strongly differ along with the case, and also program to assert counterclaims of our personal, if needed.”. A rep for Port Shainman Gallery dropped to comment.