.New york city's Port Shainman Gallery has actually filed a claim against debt collector James R. Hedges IV, affirming that he is obligated to repay almost $300,000 for the purchases of 19 art work that the gallery had actually consigned to him.
The lawsuit, which was filed in the Supreme Court of the State of Nyc on Friday, asserts that Hedges and also his gallery, the Santa Monica-- based Hedges Projects, were consigned these works by means of statements gone out with between June 2022 as well as Might 2024. Hedges as well as his gallery are charged of being obligated to repay $298,772.72.
Hedges has actually called himself "the go-to person for Warhol photography," claiming in his profile that he possesses the most significant personal collection of pictures by the Pop performer. He has curated shows of Warhol's photographs, consisting of one in 2020 at Jack Shainman Picture accommodated prior to the beginning of the pandemic in New york city. He also presented a marketing series of Warhol's art along with Gagosian picture in 2022.
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The son of a collection agency of self-taught performers, Hedges focused full-time on craft starting in 2013, the year that he departed the globe of assets banking, depending on to the Art Paper. In addition to collecting art, he has actually functioned as a trustee to the Dia Fine Art Foundation and also has been actually a patron of the Museum of Modern Craft in The Big Apple, the Aspen Art Gallery in Colorado, and the Tate museum network in the UK. He is actually currently conservator for the crafts at the the Accommodation Bel-Air as well as the Beverly Hillsides Resort and also Bungalows in Los Angeles.
Jack Shainman Exhibit was established 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 up a new 20,000-square-foot space in Tribeca.
Friday's case carried out certainly not detail the artworks Jack Shainman Picture had actually consigned to Hedges as well as his gallery, keeping in mind only that the two were actually meant to sell these jobs to collectors. According to the suit, Hedges and his gallery "always kept as well as used those funds for their own purposes and also benefit.".
" Hedges Projects is saddened to learn more about the suit submitted through Port Shainman Gallery," the gallery claimed in a statement. "Hedges Projects and also Port Shainman Picture have had a prosperous company relationship since 2018. It is unfavorable that Jack Shainman Picture determined to file a claim while the celebrations remain in the midst of service discussions. Our team definitely differ along with the claim, and program to declare counterclaims of our own, if essential.".
A rep for Jack Shainman Gallery dropped to comment.