.New york city's Jack Shainman Gallery has actually filed a claim against collection agency James R. Hedges IV, alleging that he owes virtually $300,000 for the purchases of 19 art work that the picture had actually committed to him.
The case, which was submitted in the High court of the State of New York on Friday, declares that Hedges and his gallery, the Santa Monica-- located Hedges Projects, were consigned these jobs through billings courted between June 2022 and also Might 2024. Hedges and also his picture are charged of being obligated to repay $298,772.72.
Hedges has actually called himself "the best individual for Warhol digital photography," asserting in his biography that he has the largest exclusive assortment of pictures by the Pop artist. He has actually curated series of Warhol's photos, consisting of one in 2020 at Port Shainman Gallery contained prior to the beginning of the pandemic in New York. He likewise presented a selling series of Warhol's fine art along with Gagosian picture in 2022.
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The child of an enthusiast of self-taught musicians, Hedges focused full time on fine art starting in 2013, the year that he departed the world of assets banking, according to the Fine art Paper. Aside from picking up fine art, he has worked as a trustee to the Dia Art Groundwork and also has been a client of the Museum of Modern Fine Art in Nyc, the Aspen Craft Gallery in Colorado, and also the Tate gallery system in the UK. He is actually currently conservator for the fine arts at the the Accommodation Bel-Air and also the Beverly Hillsides Accommodation and Bungalows in Los Angeles.
Jack Shainman Exhibit was actually started in 1984 and also presently exemplifies performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B. Simpson. In January, the picture opened a brand-new 20,000-square-foot space in Tribeca.
Friday's case did certainly not detail the artworks Jack Shainman Picture had consigned to Hedges as well as his gallery, taking note simply that the 2 were expected to offer these works to collectors. According to the satisfy, Hedges and his picture "kept and also made use of those funds for their personal reasons and also advantage.".
" Hedges Projects is actually made blue to find out about the claim filed by Port Shainman Gallery," the gallery pointed out in a statement. "Hedges Projects and Port Shainman Gallery possess had a prosperous organization relationship because 2018. It is regrettable that Port Shainman Picture determined to file a claim while the celebrations remain in the midst of company negotiations. Our experts strongly disagree along with the case, and program to assert counterclaims of our very own, if necessary.".
A representative for Port Shainman Picture declined to comment.