.Nyc's Jack Shainman Picture has filed suit collection agency James R. Hedges IV, alleging that he owes nearly $300,000 for the sales of 19 arts pieces that the gallery had consigned to him.
The case, which was actually filed in the High court of the Condition of The Big Apple on Friday, states that Hedges and his gallery, the Santa clam Monica-- based Hedges Projects, were actually committed these jobs using billings courted in between June 2022 and Might 2024. Hedges and also his picture are charged of owing $298,772.72.
Hedges has actually called himself "the best person for Warhol photography," asserting in his bio that he has the largest exclusive collection of pictures by the Pop artist. He has actually curated shows of Warhol's pictures, consisting of one in 2020 at Port Shainman Gallery accommodated before the onset of the pandemic in New york city. He also presented a marketing program of Warhol's art with Gagosian gallery in 2022.
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The kid of a collection agency of self-taught musicians, Hedges concentrated full time on craft beginning in 2013, the year that he left the planet of financial investment banking, according to the Art Newspaper. Aside from accumulating fine art, he has actually functioned as a trustee to the Dia Craft Structure and also has been actually a patron of the Museum of Modern Fine Art in The Big Apple, the Aspen Art Gallery in Colorado, as well as the Tate museum system in the UK. He is presently conservator for the arts at the the Hotel Bel-Air and the Beverly Hills Resort and Bungalows in Los Angeles.
Port Shainman Showroom was actually established in 1984 and currently exemplifies musicians such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B. Simpson. In January, the gallery opened up a new 20,000-square-foot room in Tribeca.
Friday's suit did not particular the art work Jack Shainman Picture had actually committed to Hedges and his picture, keeping in mind simply that the 2 were meant to market these works to debt collectors. Depending on to the match, Hedges and his gallery "always kept and also made use of those funds for their very own purposes and also benefit.".
" Hedges Projects is actually saddened to learn about the claim submitted through Port Shainman Picture," the gallery claimed in a claim. "Hedges Projects and also Jack Shainman Gallery have had a productive company partnership given that 2018. It is unfavorable that Port Shainman Gallery decided to sue while the events are in the middle of company discussions. Our team firmly disagree with the insurance claim, and planning to declare counterclaims of our own, if essential.".
A rep for Jack Shainman Gallery dropped to comment.