.Nyc's Port Shainman Picture has actually filed a claim against collector James R. Hedges IV, affirming that he owes almost $300,000 for the sales of 19 art work that the gallery had actually committed to him.
The case, which was actually filed in the High court of the Condition of The Big Apple on Friday, asserts that Hedges and also his gallery, the Santa Monica-- based Hedges Projects, were consigned these jobs by means of invoices gone out with between June 2022 as well as Might 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 digital photography," claiming in his profile that he possesses the biggest personal selection of photographs due to the Pop performer. He has curated programs of Warhol's pictures, featuring one in 2020 at Jack Shainman Gallery accommodated just before the beginning of the pandemic in New York. He additionally presented a marketing series of Warhol's art with Gagosian gallery in 2022.
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The son of a collector of self-taught musicians, Hedges focused full-time on craft beginning in 2013, the year that he departed the planet of expenditure banking, depending on to the Art Newspaper. Along with gathering fine art, he has worked as a fiduciary to the Dia Art Base as well as has actually been actually a client of the Museum of Modern Art in The Big Apple, the Aspen Fine Art Gallery in Colorado, and the Tate museum network in the UK. He is actually currently curator for the arts at the the Lodging Bel-Air and also the Beverly Hills Lodging and Bungalows in Los Angeles.
Port Shainman Exhibit was founded in 1984 as well as presently embodies artists including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B. Simpson. In January, the picture opened a brand-new 20,000-square-foot area in Tribeca.
Friday's case did not information the artworks Jack Shainman Picture had consigned to Hedges as well as his gallery, taking note merely that the two were meant to sell these works to collectors. According to the satisfy, Hedges as well as his gallery "maintained and also utilized those funds for their own reasons and perk.".
" Hedges Projects is actually saddened to discover the claim submitted through Jack Shainman Gallery," the picture pointed out in a declaration. "Hedges Projects and Port Shainman Gallery possess had a prosperous organization relationship due to the fact that 2018. It is unlucky that Port Shainman Picture chose to file a claim while the events reside in the middle of company discussions. Our company firmly disagree along with the case, and also plan to assert counterclaims of our own, if necessary.".
A rep for Jack Shainman Gallery dropped to comment.