.New York's Jack Shainman Picture has sued debt collector James R. Hedges IV, declaring that he is obligated to pay nearly $300,000 for the purchases of 19 arts pieces that the gallery had consigned to him.
The legal action, which was actually submitted in the Supreme Court of the State of The Big Apple on Friday, professes that Hedges as well as his picture, the Santa clam Monica-- based Hedges Projects, were actually consigned these jobs through billings gone out with between June 2022 and also May 2024. Hedges and his gallery are implicated of being obligated to pay $298,772.72.
Hedges has called himself "the go-to fella for Warhol digital photography," professing in his profile that he has the largest private collection of photographs due to the Stand out musician. He has actually curated programs of Warhol's photographs, consisting of one in 2020 at Port Shainman Gallery held just before the onset of the pandemic in New york city. He likewise staged a selling series of Warhol's craft with Gagosian gallery in 2022.
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The boy of a collection agency of self-taught performers, Hedges focused permanent on craft starting in 2013, the year that he left the world of investment banking, according to the Art Newspaper. In addition to collecting fine art, he has actually functioned as a trustee to the Dia Fine Art Base as well as has actually been a client of the Museum of Modern Fine Art in Nyc, the Aspen Craft Museum in Colorado, and also the Tate museum system in the UK. He is actually presently conservator for the arts at the the Hotel Bel-Air as well as the Beverly Hillsides Hotel and also Bungalows in Los Angeles.
Jack Shainman Exhibit was founded in 1984 and also presently stands for artists including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B. Simpson. In January, the gallery opened a brand new 20,000-square-foot room in Tribeca.
Friday's claim carried out not information the arts pieces Jack Shainman Picture had consigned to Hedges as well as his gallery, taking note only that the two were meant to sell these works to enthusiasts. Depending on to the meet, Hedges and also his picture "kept and used those funds for their very own functions and also advantage.".
" Hedges Projects is actually distressed to learn more about the legal action filed by Port Shainman Gallery," the gallery claimed in a declaration. "Hedges Projects as well as Jack Shainman Gallery have possessed a prosperous organization relationship considering that 2018. It is unlucky that Jack Shainman Picture determined to file a claim while the gatherings reside in the midst of service settlements. Our company definitely disagree with the insurance claim, as well as plan to insist counterclaims of our personal, if required.".
A rep for Port Shainman Picture declined to comment.