.Nyc's Port Shainman Gallery has sued debt collector James R. Hedges IV, affirming that he is obligated to pay almost $300,000 for the sales of 19 art work that the gallery had committed to him.
The legal action, which was actually submitted in the Supreme Court of the Condition of The Big Apple on Friday, claims that Hedges and also his gallery, the Santa clam Monica-- located Hedges Projects, were consigned these works by means of statements dated between June 2022 as well as May 2024. Hedges as well as his gallery are actually implicated of being obligated to repay $298,772.72.
Hedges has called themself "the best man for Warhol photography," declaring in his biography that he owns the greatest exclusive compilation of pictures by the Pop performer. He has actually curated programs of Warhol's photographs, including one in 2020 at Jack Shainman Picture accommodated prior to the start of the pandemic in Nyc. He additionally staged a marketing series of Warhol's craft with Gagosian picture in 2022.
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The son of an enthusiast of self-taught artists, Hedges focused permanent on art starting in 2013, the year that he left the globe of investment banking, depending on to the Craft Paper. Aside from gathering craft, he has actually worked as a fiduciary to the Dia Fine Art Base as well as has actually been actually a patron of the Gallery of Modern Art in New York, the Aspen Fine Art Gallery in Colorado, as well as the Tate gallery network in the UK. He is actually presently curator for the crafts at the the Resort Bel-Air as well as the Beverly Hillsides Lodging and also Bungalows in Los Angeles.
Port Shainman Showroom was actually started in 1984 as well as presently stands for performers including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B. Simpson. In January, the gallery opened a brand new 20,000-square-foot space in Tribeca.
Friday's suit performed not information the art work Port Shainman Gallery had committed to Hedges and his gallery, keeping in mind merely that both were meant to market these jobs to enthusiasts. According to the suit, Hedges and also his gallery "kept and utilized those funds for their very own functions as well as advantage.".
" Hedges Projects is actually grieved to discover the case filed through Port Shainman Picture," the picture pointed out in a statement. "Hedges Projects and also Port Shainman Gallery possess had a successful organization relationship due to the fact that 2018. It is actually regrettable that Jack Shainman Gallery determined to file a claim while the parties are in the midst of service discussions. Our experts firmly differ with the insurance claim, as well as program to declare counterclaims of our very own, if required.".
A rep for Port Shainman Gallery dropped to comment.