.The big apple's Port Shainman Picture has filed a claim against debt collector James R. Hedges IV, affirming that he is obligated to repay almost $300,000 for the sales of 19 artworks that the picture had committed to him.
The lawsuit, which was actually filed in the Supreme Court of the Condition of Nyc on Friday, claims that Hedges as well as his gallery, the Santa clam Monica-- based Hedges Projects, were committed these works via invoices dated in between June 2022 and May 2024. Hedges and his picture are actually accused of being obligated to pay $298,772.72.
Hedges has called himself "the best man for Warhol digital photography," claiming in his bio that he owns the greatest private assortment of photographs by the Stand out musician. He has actually curated shows of Warhol's pictures, consisting of one in 2020 at Port Shainman Gallery accommodated prior to the onset of the pandemic in New York. He also staged a marketing series of Warhol's art with Gagosian gallery in 2022.
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The son of a collector of self-taught performers, Hedges centered full time on fine art starting in 2013, the year that he left the world of expenditure banking, depending on to the Craft Paper. Along with accumulating craft, he has acted as a fiduciary to the Dia Art Base as well as has been actually a patron of the Gallery of Modern Craft in New York, the Aspen Art Gallery in Colorado, and also the Tate gallery network in the UK. He is presently manager for the crafts at the the Hotel Bel-Air and also the Beverly Hills Resort and Bungalows in Los Angeles.
Jack Shainman Exhibit was started in 1984 and presently embodies artists like 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 case did certainly not detail the artworks Port Shainman Picture had actually committed to Hedges as well as his picture, noting merely that both were intended to sell these works to collectors. According to the fit, Hedges and his gallery "kept as well as made use of those funds for their personal reasons as well as advantage.".
" Hedges Projects is actually made blue to learn about the lawsuit submitted through Port Shainman Picture," the picture stated in a claim. "Hedges Projects and also Jack Shainman Gallery possess had a prosperous business relationship since 2018. It is actually regrettable that Port Shainman Gallery made a decision to sue while the events are in the midst of organization arrangements. Our company strongly disagree with the case, and also strategy to claim counterclaims of our personal, if essential.".
A representative for Jack Shainman Gallery dropped to comment.