.New york city's Port Shainman Gallery has sued collection agency James R. Hedges IV, alleging that he is obligated to pay nearly $300,000 for the purchases of 19 arts pieces that the picture had actually consigned to him.
The suit, which was actually submitted in the Supreme Court of the Condition of New York on Friday, declares that Hedges as well as his gallery, the Santa Monica-- located Hedges Projects, were committed these works via billings dated in between June 2022 and Might 2024. Hedges and also his gallery are actually implicated of being obligated to pay $298,772.72.
Hedges has actually called themself "the go-to fella for Warhol digital photography," professing in his profile that he possesses the largest exclusive compilation of pictures by the Stand out musician. He has curated series of Warhol's photographs, consisting of one in 2020 at Jack Shainman Picture accommodated just before the onset of the pandemic in Nyc. He likewise staged a selling program of Warhol's craft along with Gagosian picture in 2022.
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The child of a debt collector of self-taught performers, Hedges focused full time on art beginning in 2013, the year that he left the world of expenditure banking, according to the Fine art Paper. Aside from gathering art, he has worked as a fiduciary to the Dia Craft Foundation and also has actually been a client of the Museum of Modern Craft in The Big Apple, the Aspen Craft Gallery in Colorado, and the Tate museum system in the UK. He is actually currently conservator for the arts at the the Hotel Bel-Air and the Beverly Hillsides Accommodation and also Bungalows in Los Angeles.
Port Shainman Showroom was established in 1984 and presently represents performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Rose B. Simpson. In January, the gallery opened up a brand new 20,000-square-foot space in Tribeca.
Friday's case performed certainly not information the art work Jack Shainman Picture had committed to Hedges as well as his gallery, noting only that both were actually supposed to market these jobs to collectors. Depending on to the meet, Hedges and also his picture "kept and made use of those funds for their personal objectives and also perk.".
" Hedges Projects is grieved to learn more about the suit submitted by Jack Shainman Gallery," the picture stated in a declaration. "Hedges Projects and Jack Shainman Picture have had a productive organization relationship given that 2018. It is unfortunate that Port Shainman Picture decided to sue while the events are in the midst of service settlements. Our company strongly disagree along with the insurance claim, and also program to insist counterclaims of our own, if needed.".
An agent for Port Shainman Picture declined to comment.