.Nyc's Port Shainman Picture has actually taken legal action against debt collector James R. Hedges IV, affirming that he is obligated to pay almost $300,000 for the purchases of 19 art work that the picture had committed to him.
The suit, which was actually submitted in the High court of the Condition of Nyc on Friday, asserts that Hedges and also his picture, the Santa Monica-- based Hedges Projects, were consigned these works via statements gone out with in between June 2022 and also May 2024. Hedges as well as his picture are actually charged of being obligated to pay $298,772.72.
Hedges has called himself "the go-to fella for Warhol digital photography," claiming in his biography that he owns the largest personal collection of photos due to the Stand out performer. He has curated shows of Warhol's pictures, including one in 2020 at Jack Shainman Picture accommodated before the onset of the pandemic in New York. He additionally presented a marketing series of Warhol's fine art with Gagosian picture in 2022.
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The child of a collection agency of self-taught performers, Hedges centered full time on art beginning in 2013, the year that he left the world of financial investment financial, according to the Craft Paper. Aside from accumulating craft, he has actually served as a trustee to the Dia Fine Art Structure and has actually been actually a client of the Museum of Modern Art in New York, the Aspen Art Gallery in Colorado, and also the Tate museum system in the UK. He is currently conservator for the arts at the the Hotel Bel-Air and also the Beverly Hills Hotel and Bungalows in Los Angeles.
Port Shainman Gallery was actually started in 1984 and also presently represents artists like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Rose B. Simpson. In January, the picture opened up a brand new 20,000-square-foot room in Tribeca.
Friday's case performed certainly not detail the artworks Port Shainman Gallery had actually consigned to Hedges and his gallery, noting just that the two were intended to market these works to collectors. According to the fit, Hedges as well as his picture "always kept and made use of those funds for their personal purposes and advantage.".
" Hedges Projects is actually saddened to learn about the legal action filed by Port Shainman Picture," the picture stated in a statement. "Hedges Projects and Jack Shainman Gallery possess had an effective service partnership because 2018. It is unfortunate that Jack Shainman Picture made a decision to file a claim while the events remain in the midst of company arrangements. We strongly differ with the case, as well as strategy to declare counterclaims of our very own, if essential.".
A rep for Jack Shainman Gallery decreased to comment.