.New York’s Jack Shainman Picture has filed suit debt collector James R. Hedges IV, alleging that he owes nearly $300,000 for the purchases of 19 art work that the gallery had actually committed to him. The legal action, which was filed in the Supreme Court of the State of Nyc on Friday, professes that Hedges and also his picture, the Santa Monica– located Hedges Projects, were consigned these works using statements courted between June 2022 and also May 2024.
Hedges and his gallery are implicated of being obligated to repay $298,772.72. Hedges has called themself “the go-to guy for Warhol photography,” professing in his biography that he has the most significant exclusive selection of pictures by the Pop artist. He has curated series of Warhol’s photographs, consisting of one in 2020 at Jack Shainman Gallery carried just before the start of the pandemic in New York.
He likewise staged a selling show of Warhol’s art with Gagosian picture in 2022. Associated Articles. The boy of a collection agency of self-taught artists, Hedges concentrated full-time on art starting in 2013, the year that he left the world of investment financial, depending on to the Fine art Paper.
In addition to picking up art, he has actually worked as a fiduciary to the Dia Art Structure and also has actually been actually a customer of the Museum of Modern Fine Art in The Big Apple, the Aspen Art Museum in Colorado, and also the Tate museum network in the UK. He is presently manager for the arts at the the Hotels and resort Bel-Air and also the Beverly Hillsides Resort and also Bungalows in Los Angeles. Port Shainman Exhibit was started in 1984 and presently represents performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B.
Simpson. In January, the gallery opened a brand-new 20,000-square-foot space in Tribeca. Friday’s suit performed certainly not information the art work Port Shainman Picture had actually consigned to Hedges and also his picture, noting only that both were actually meant to market these jobs to collectors.
Depending on to the meet, Hedges and his gallery “always kept as well as utilized those funds for their own functions and also advantage.”. ” Hedges Projects is actually saddened to learn more about the lawsuit submitted by Port Shainman Picture,” the gallery pointed out in a claim. “Hedges Projects and Port Shainman Picture have had a productive organization partnership due to the fact that 2018.
It is regrettable that Port Shainman Gallery chose to sue while the events remain in the middle of organization settlements. We firmly disagree along with the insurance claim, and planning to claim counterclaims of our own, if required.”. An agent for Jack Shainman Gallery dropped to comment.