.New York's Jack Shainman Gallery has actually filed suit collection agency James R. Hedges IV, affirming that he owes virtually $300,000 for the purchases of 19 artworks that the picture had consigned to him.
The lawsuit, which was actually submitted in the High court of the State of New York on Friday, claims that Hedges and also his gallery, the Santa clam Monica-- based Hedges Projects, were committed these jobs via billings courted in between June 2022 and also May 2024. Hedges and his picture are accused of being obligated to pay $298,772.72.
Hedges has called himself "the go-to guy for Warhol digital photography," professing in his biography that he owns the greatest personal selection of photos by the Stand out musician. He has actually curated shows of Warhol's pictures, including one in 2020 at Jack Shainman Gallery held prior to the start of the pandemic in The big apple. He likewise staged a selling program of Warhol's fine art along with Gagosian gallery in 2022.
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The child of an enthusiast of self-taught musicians, Hedges focused full-time on fine art beginning in 2013, the year that he left the world of expenditure banking, depending on to the Art Newspaper. In addition to collecting craft, he has actually acted as a fiduciary to the Dia Art Foundation and also has been actually a client of the Museum of Modern Fine Art in New York City, the Aspen Craft Museum in Colorado, and the Tate museum network in the UK. He is presently curator for the fine arts at the the Accommodation Bel-Air and the Beverly Hills Hotel and also Bungalows in Los Angeles.
Port Shainman Showroom was actually founded in 1984 as well as presently represents artists including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Rose B. Simpson. In January, the gallery opened a brand-new 20,000-square-foot space in Tribeca.
Friday's lawsuit carried out not particular the artworks Port Shainman Gallery had actually consigned to Hedges as well as his picture, noting merely that the two were actually expected to offer these works to debt collectors. Depending on to the match, Hedges and also his gallery "maintained and used those funds for their own purposes as well as perk.".
" Hedges Projects is actually made blue to learn more about the claim filed by Port Shainman Picture," the gallery mentioned in a declaration. "Hedges Projects as well as Jack Shainman Gallery have had a prosperous organization partnership given that 2018. It is unlucky that Port Shainman Picture chose to file a claim while the celebrations are in the midst of organization settlements. Our company definitely disagree with the case, and planning to declare counterclaims of our own, if necessary.".
An agent for Jack Shainman Gallery dropped to comment.