.Nyc's Port Shainman Gallery has filed a claim against collector James R. Hedges IV, affirming that he is obligated to repay almost $300,000 for the purchases of 19 artworks that the gallery had committed to him.
The suit, which was actually submitted in the Supreme Court of the State of New York City on Friday, declares that Hedges and also his gallery, the Santa Monica-- based Hedges Projects, were actually consigned these works using statements dated in between June 2022 as well as Might 2024. Hedges as well as his picture are actually implicated of being obligated to repay $298,772.72.
Hedges has actually called himself "the best individual for Warhol photography," declaring in his bio that he possesses the largest personal selection of photos due to the Pop musician. He has curated programs of Warhol's photos, consisting of one in 2020 at Port Shainman Picture carried before the onset of the pandemic in New york city. He likewise organized a marketing program of Warhol's art along with Gagosian picture in 2022.
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The son of a debt collector of self-taught musicians, Hedges centered full time on craft beginning in 2013, the year that he departed the world of financial investment financial, depending on to the Art Newspaper. Besides picking up craft, he has actually acted as a trustee to the Dia Fine Art Base as well as has actually been a customer of the Gallery of Modern Fine Art in New York, the Aspen Fine Art Gallery in Colorado, and also the Tate museum network in the UK. He is actually currently conservator for the arts at the the Hotels and resort Bel-Air as well as the Beverly Hillsides Resort and Bungalows in Los Angeles.
Jack Shainman Showroom was founded in 1984 and presently stands for performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B. Simpson. In January, the picture opened a new 20,000-square-foot space in Tribeca.
Friday's claim performed certainly not particular the arts pieces Jack Shainman Gallery had actually committed to Hedges and also his picture, noting merely that both were actually supposed to sell these jobs to collectors. According to the fit, Hedges and also his gallery "kept and also utilized those funds for their own reasons and also perk.".
" Hedges Projects is distressed to learn about the suit filed through Jack Shainman Picture," the gallery mentioned in a declaration. "Hedges Projects as well as Jack Shainman Gallery possess had a successful company partnership because 2018. It is actually regrettable that Port Shainman Picture made a decision to file a claim while the parties are in the middle of organization agreements. Our team highly differ with the claim, and also strategy to claim counterclaims of our own, if required.".
A rep for Jack Shainman Gallery decreased to comment.