.New york city's Jack Shainman Gallery has taken legal action against enthusiast James R. Hedges IV, alleging that he owes almost $300,000 for the sales of 19 art work that the picture had consigned to him.
The suit, which was actually submitted in the Supreme Court of the Condition of The Big Apple on Friday, states that Hedges as well as his gallery, the Santa Monica-- based Hedges Projects, were actually committed these jobs through billings dated in between June 2022 and Might 2024. Hedges and also his gallery are actually implicated of owing $298,772.72.
Hedges has actually called himself "the go-to man for Warhol photography," professing in his profile that he has the most significant private assortment of photographs due to the Pop artist. He has curated programs of Warhol's photos, featuring one in 2020 at Port Shainman Gallery carried before the beginning of the pandemic in The big apple. He likewise organized a selling series of Warhol's art along with Gagosian picture in 2022.
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The boy of a collection agency of self-taught artists, Hedges focused permanent on art starting in 2013, the year that he departed the world of investment financial, according to the Fine art Newspaper. Aside from gathering art, he has worked as a trustee to the Dia Craft Base as well as has actually been a customer of the Gallery of Modern Fine Art in Nyc, the Aspen Craft Museum in Colorado, and also the Tate gallery network in the UK. He is actually currently conservator for the arts at the the Accommodation Bel-Air as well as the Beverly Hills Hotels And Resort and Bungalows in Los Angeles.
Port Shainman Exhibit was started in 1984 and also currently represents musicians including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Rose B. Simpson. In January, the picture opened up a brand-new 20,000-square-foot space in Tribeca.
Friday's legal action did not information the artworks Port Shainman Picture had committed to Hedges and also his gallery, taking note just that the 2 were actually intended to market these works to collectors. According to the match, Hedges as well as his gallery "maintained and also used those funds for their own purposes and also advantage.".
" Hedges Projects is grieved to discover the lawsuit filed by Jack Shainman Picture," the gallery said in a statement. "Hedges Projects and Jack Shainman Picture have had an effective company relationship considering that 2018. It is unfortunate that Port Shainman Gallery chose to file a claim while the events are in the midst of service arrangements. Our team highly disagree with the claim, and planning to claim counterclaims of our own, if required.".
A rep for Port Shainman Picture dropped to comment.