.New york city's Jack Shainman Gallery has actually sued debt collector James R. Hedges IV, alleging that he is obligated to pay virtually $300,000 for the sales of 19 artworks that the picture had actually committed to him.
The case, which was actually filed in the High court of the State of The Big Apple on Friday, claims that Hedges as well as his picture, the Santa clam Monica-- based Hedges Projects, were committed these works using statements courted in between June 2022 as well as Might 2024. Hedges and also his gallery are actually indicted of being obligated to pay $298,772.72.
Hedges has actually called themself "the best guy for Warhol photography," asserting in his profile that he owns the largest exclusive assortment of photos due to the Pop performer. He has curated programs of Warhol's photos, including one in 2020 at Jack Shainman Picture contained before the start of the pandemic in Nyc. He also organized a selling program of Warhol's craft with Gagosian picture in 2022.
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The son of a debt collector of self-taught performers, Hedges focused permanent on craft beginning in 2013, the year that he departed the world of investment financial, according to the Art Newspaper. Along with collecting craft, he has actually served as a trustee to the Dia Craft Groundwork and has actually been a patron of the Gallery of Modern Fine Art in New York City, the Aspen Craft Museum in Colorado, as well as the Tate gallery network in the UK. He is actually currently curator for the arts at the the Lodging Bel-Air and the Beverly Hills Resort as well as Bungalows in Los Angeles.
Port Shainman Showroom was started in 1984 and currently represents performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B. Simpson. In January, the picture opened a brand-new 20,000-square-foot space in Tribeca.
Friday's claim performed certainly not particular the art work Jack Shainman Gallery had committed to Hedges as well as his picture, taking note simply that both were actually intended to market these works to collectors. Depending on to the meet, Hedges and also his gallery "maintained and also made use of those funds for their personal reasons and also perk.".
" Hedges Projects is distressed to discover the case filed through Port Shainman Picture," the gallery pointed out in a statement. "Hedges Projects and Port Shainman Gallery possess had a successful organization connection because 2018. It is unfortunate that Port Shainman Gallery decided to file a claim while the parties are in the middle of business negotiations. Our team strongly differ along with the claim, and also program to declare counterclaims of our very own, if important.".
A rep for Port Shainman Gallery decreased to comment.