.New york city's Jack Shainman Gallery has taken legal action against enthusiast James R. Hedges IV, affirming that he is obligated to repay almost $300,000 for the purchases of 19 artworks that the picture had consigned to him.
The legal action, which was filed in the High court of the State of New York City on Friday, declares that Hedges as well as his gallery, the Santa clam Monica-- based Hedges Projects, were consigned these works using invoices courted in between June 2022 as well as Might 2024. Hedges and also his gallery are indicted of being obligated to repay $298,772.72.
Hedges has actually called themself "the go-to man for Warhol photography," claiming in his bio that he possesses the largest exclusive collection of photographs due to the Pop musician. He has actually curated programs of Warhol's pictures, including one in 2020 at Jack Shainman Picture held before the beginning of the pandemic in The big apple. He likewise presented a selling show of Warhol's art with Gagosian picture in 2022.
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The child of a collection agency of self-taught performers, Hedges centered full-time on fine art beginning in 2013, the year that he departed the world of financial investment financial, depending on to the Craft Newspaper. Aside from accumulating craft, he has worked as a trustee to the Dia Fine Art Foundation and has been actually a patron of the Gallery of Modern Craft in Nyc, the Aspen Fine Art Museum in Colorado, and also the Tate gallery network in the UK. He is actually presently conservator for the fine arts at the the Resort Bel-Air as well as the Beverly Hills Lodging and also Bungalows in Los Angeles.
Port Shainman Showroom was actually founded in 1984 as well as currently stands for artists such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B. Simpson. In January, the gallery opened up a new 20,000-square-foot space in Tribeca.
Friday's legal action performed not information the artworks Jack Shainman Picture had committed to Hedges and his gallery, keeping in mind simply that the two were actually supposed to offer these jobs to collectors. Depending on to the match, Hedges and also his picture "always kept as well as used those funds for their personal reasons as well as advantage.".
" Hedges Projects is actually grieved to find out about the suit filed by Port Shainman Picture," the gallery said in a claim. "Hedges Projects and also Port Shainman Picture have had an effective service relationship considering that 2018. It is regrettable that Jack Shainman Picture chose to sue while the events are in the middle of organization negotiations. Our experts firmly disagree with the claim, and also plan to claim counterclaims of our own, if necessary.".
An agent for Jack Shainman Picture dropped to comment.