.Nyc's Port Shainman Gallery has taken legal action against collector James R. Hedges IV, alleging that he is obligated to repay almost $300,000 for the sales of 19 arts pieces that the gallery had actually consigned to him.
The legal action, which was actually submitted in the Supreme Court of the Condition of The Big Apple on Friday, declares that Hedges and also his gallery, the Santa Monica-- based Hedges Projects, were consigned these works via invoices courted in between June 2022 and May 2024. Hedges and his picture are implicated of being obligated to repay $298,772.72.
Hedges has actually called themself "the best fella for Warhol photography," professing in his profile that he owns the largest personal collection of pictures due to the Stand out musician. He has curated programs of Warhol's pictures, featuring one in 2020 at Port Shainman Gallery carried just before the onset of the pandemic in New York. He likewise presented a selling show of Warhol's fine art along with Gagosian gallery in 2022.
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The boy of a debt collector of self-taught musicians, Hedges centered permanent on art starting in 2013, the year that he left the world of investment financial, depending on to the Craft Paper. Aside from picking up fine art, he has actually functioned as a fiduciary to the Dia Art Groundwork as well as has been actually a customer of the Gallery of Modern Art in Nyc, the Aspen Craft Gallery in Colorado, as well as the Tate museum system in the UK. He is actually currently manager for the fine arts at the the Accommodation Bel-Air and the Beverly Hills Hotel and Bungalows in Los Angeles.
Jack Shainman Gallery was actually founded in 1984 and also presently represents performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B. Simpson. In January, the gallery opened up a new 20,000-square-foot space in Tribeca.
Friday's case did not particular the arts pieces Port Shainman Gallery had actually consigned to Hedges and also his picture, taking note only that the 2 were actually meant to sell these jobs to collection agencies. According to the satisfy, Hedges as well as his gallery "kept and used those funds for their personal purposes as well as advantage.".
" Hedges Projects is actually grieved to learn more about the lawsuit filed by Port Shainman Gallery," the gallery stated in a claim. "Hedges Projects and also Jack Shainman Gallery possess had a productive organization relationship given that 2018. It is unlucky that Jack Shainman Picture determined to file a claim while the events reside in the midst of company discussions. Our company strongly disagree along with the case, and also planning to declare counterclaims of our very own, if important.".
An agent for Jack Shainman Picture dropped to comment.