.Nyc's Port Shainman Gallery has filed suit collection agency James R. Hedges IV, declaring that he is obligated to repay nearly $300,000 for the sales of 19 art work that the picture had actually consigned to him.
The case, which was submitted in the High court of the State of The Big Apple on Friday, declares that Hedges and also his picture, the Santa clam Monica-- based Hedges Projects, were committed these works via invoices gone out with in between June 2022 and also Might 2024. Hedges and also his picture are actually charged of owing $298,772.72.
Hedges has actually called himself "the go-to guy for Warhol digital photography," claiming in his profile that he owns the biggest exclusive selection of photos due to the Pop performer. He has actually curated programs of Warhol's pictures, including one in 2020 at Port Shainman Gallery carried just before the start of the pandemic in The big apple. He likewise organized a marketing series of Warhol's art with Gagosian gallery in 2022.
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The son of a collector of self-taught musicians, Hedges concentrated full time on fine art starting in 2013, the year that he left the world of investment banking, according to the Craft Newspaper. Aside from accumulating art, he has actually worked as a fiduciary to the Dia Fine Art Base as well as has been actually a patron of the Museum of Modern Craft in New York, the Aspen Craft Gallery in Colorado, and the Tate museum system in the UK. He is actually presently conservator for the fine arts at the the Hotels and resort Bel-Air as well as the Beverly Hillsides Lodging and Bungalows in Los Angeles.
Jack Shainman Showroom was established in 1984 and also presently embodies musicians such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B. Simpson. In January, the picture opened a brand-new 20,000-square-foot space in Tribeca.
Friday's suit did certainly not information the artworks Jack Shainman Gallery had actually committed to Hedges as well as his gallery, taking note just that both were intended to offer these jobs to collection agencies. Depending on to the match, Hedges as well as his picture "kept and also used those funds for their personal purposes as well as advantage.".
" Hedges Projects is saddened to learn more about the claim submitted through Jack Shainman Gallery," the gallery mentioned in a claim. "Hedges Projects as well as Jack Shainman Picture have possessed a successful organization connection because 2018. It is unfavorable that Port Shainman Gallery chose to sue while the parties are in the midst of organization agreements. Our company definitely differ with the case, as well as program to assert counterclaims of our personal, if required.".
A rep for Jack Shainman Gallery decreased to comment.