.New york city's Port Shainman Picture has actually sued collection agency James R. Hedges IV, affirming that he is obligated to repay nearly $300,000 for the sales of 19 art work that the picture had actually committed to him.
The case, which was actually submitted in the High court of the State of Nyc on Friday, claims that Hedges as well as his picture, the Santa clam Monica-- based Hedges Projects, were actually consigned these works through billings gone out with between June 2022 and Might 2024. Hedges as well as his gallery are charged of being obligated to pay $298,772.72.
Hedges has actually called himself "the best person for Warhol photography," stating in his profile that he has the largest personal collection of photos by the Pop musician. He has actually curated programs of Warhol's photos, featuring one in 2020 at Port Shainman Picture carried before the start of the pandemic in New york city. He additionally presented a selling program of Warhol's craft with Gagosian gallery in 2022.
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The boy of a collector of self-taught performers, Hedges centered full-time on fine art starting in 2013, the year that he departed the world of investment banking, depending on to the Art Paper. Along with picking up craft, he has actually served as a trustee to the Dia Fine Art Groundwork and has actually been actually a customer of the Gallery of Modern Art in Nyc, the Aspen Fine Art Museum in Colorado, as well as the Tate museum network in the UK. He is currently manager for the arts at the the Hotels and resort Bel-Air and the Beverly Hills Accommodation and Bungalows in Los Angeles.
Jack Shainman Showroom was actually established in 1984 and also presently works with performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B. Simpson. In January, the picture opened up a brand-new 20,000-square-foot space in Tribeca.
Friday's lawsuit performed not particular the artworks Jack Shainman Picture had committed to Hedges as well as his gallery, taking note only that the two were meant to market these jobs to collectors. Depending on to the satisfy, Hedges and also his picture "maintained and made use of those funds for their very own functions as well as benefit.".
" Hedges Projects is actually made blue to learn about the lawsuit filed by Jack Shainman Gallery," the gallery pointed out in a statement. "Hedges Projects and Jack Shainman Picture have possessed a successful company partnership due to the fact that 2018. It is unfavorable that Jack Shainman Picture determined to sue while the celebrations remain in the middle of business arrangements. We highly differ with the claim, as well as planning to declare counterclaims of our personal, if important.".
A representative for Jack Shainman Gallery declined to comment.