.New york city's Jack Shainman Picture has actually taken legal action against enthusiast James R. Hedges IV, declaring that he owes virtually $300,000 for the purchases of 19 artworks that the picture had actually committed to him.
The case, which was submitted in the High court of the State of New York City on Friday, asserts that Hedges and his gallery, the Santa clam Monica-- located Hedges Projects, were committed these works via invoices dated between June 2022 as well as Might 2024. Hedges and his gallery are actually accused of being obligated to repay $298,772.72.
Hedges has called themself "the go-to guy for Warhol digital photography," asserting in his profile that he owns the biggest exclusive collection of photographs by the Pop musician. He has actually curated series of Warhol's pictures, featuring one in 2020 at Port Shainman Picture contained just before the start of the pandemic in New york city. He likewise presented a marketing program of Warhol's art with Gagosian gallery in 2022.
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The boy of a collector of self-taught artists, Hedges centered full-time on craft starting in 2013, the year that he left the world of investment financial, depending on to the Craft Paper. Aside from accumulating art, he has functioned as a trustee to the Dia Fine Art Foundation as well as has been a client of the Museum of Modern Craft in New York City, the Aspen Fine Art Museum in Colorado, as well as the Tate museum network in the UK. He is currently manager for the crafts at the the Lodging Bel-Air and also the Beverly Hillsides Resort as well as Bungalows in Los Angeles.
Port Shainman Exhibit was established in 1984 and also presently works with performers including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B. Simpson. In January, the picture opened a new 20,000-square-foot room in Tribeca.
Friday's lawsuit did not information the artworks Jack Shainman Picture had consigned to Hedges as well as his gallery, noting merely that the 2 were meant to market these jobs to collection agencies. Depending on to the suit, Hedges and also his picture "maintained and also utilized those funds for their very own purposes as well as perk.".
" Hedges Projects is actually grieved to learn more about the claim filed through Jack Shainman Gallery," the picture said in a claim. "Hedges Projects as well as Jack Shainman Picture have had an effective service connection due to the fact that 2018. It is actually unfavorable that Port Shainman Gallery chose to file a claim while the parties remain in the midst of business arrangements. We highly differ with the insurance claim, and plan to assert counterclaims of our own, if necessary.".
A representative for Port Shainman Gallery dropped to comment.