.The big apple's Port Shainman Picture has actually sued collection agency James R. Hedges IV, declaring that he is obligated to pay virtually $300,000 for the sales of 19 artworks that the gallery had actually consigned to him.
The case, which was submitted in the Supreme Court of the Condition of New York on Friday, asserts that Hedges and his picture, the Santa clam Monica-- based Hedges Projects, were actually consigned these works by means of statements courted in between June 2022 and Might 2024. Hedges and also his gallery are actually charged of being obligated to repay $298,772.72.
Hedges has actually called himself "the go-to guy for Warhol photography," professing in his bio that he has the largest private assortment of pictures by the Pop performer. He has actually curated programs of Warhol's photos, consisting of one in 2020 at Jack Shainman Gallery contained prior to the start of the pandemic in Nyc. He additionally staged a marketing program of Warhol's art with Gagosian picture in 2022.
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The child of a collection agency of self-taught performers, Hedges concentrated full time on craft beginning in 2013, the year that he left the planet of financial investment financial, depending on to the Fine art Newspaper. Besides collecting art, he has actually served as a trustee to the Dia Craft Base and also has been a client of the Museum of Modern Art in Nyc, the Aspen Fine Art Gallery in Colorado, as well as the Tate gallery system in the UK. He is actually currently manager for the crafts at the the Accommodation Bel-Air as well as the Beverly Hills Resort and also Bungalows in Los Angeles.
Port Shainman Exhibit was founded in 1984 and also presently represents performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B. Simpson. In January, the picture opened up a new 20,000-square-foot space in Tribeca.
Friday's case did not detail the arts pieces Jack Shainman Gallery had actually consigned to Hedges as well as his gallery, keeping in mind just that the 2 were actually expected to sell these works to enthusiasts. According to the match, Hedges and also his picture "kept and used those funds for their very own purposes and also perk.".
" Hedges Projects is actually grieved to learn more about the lawsuit submitted by Port Shainman Gallery," the gallery claimed in a claim. "Hedges Projects as well as Jack Shainman Gallery have had a productive service relationship due to the fact that 2018. It is unfortunate that Port Shainman Picture chose to sue while the events reside in the middle of company settlements. Our company definitely disagree along with the insurance claim, as well as planning to assert counterclaims of our very own, if necessary.".
A rep for Port Shainman Picture dropped to comment.