.New York's Port Shainman Gallery has filed a claim against collector James R. Hedges IV, alleging that he is obligated to pay virtually $300,000 for the sales of 19 arts pieces that the picture had actually consigned to him.
The lawsuit, which was submitted in the High court of the Condition of Nyc on Friday, declares that Hedges as well as his picture, the Santa clam Monica-- based Hedges Projects, were committed these jobs using statements courted in between June 2022 and also Might 2024. Hedges and also his picture are accused of being obligated to repay $298,772.72.
Hedges has actually called himself "the go-to man for Warhol digital photography," stating in his profile that he possesses the most significant personal compilation of photos by the Pop artist. He has actually curated shows of Warhol's pictures, including one in 2020 at Jack Shainman Gallery accommodated prior to the start of the pandemic in Nyc. He likewise presented a marketing series of Warhol's art along with Gagosian picture in 2022.
Related Articles.
The kid of a collector of self-taught musicians, Hedges centered permanent on fine art starting in 2013, the year that he departed the planet of expenditure banking, depending on to the Art Paper. Along with accumulating fine art, he has actually worked as a trustee to the Dia Art Foundation and also has been a client of the Gallery of Modern Craft in Nyc, the Aspen Craft Museum in Colorado, as well as the Tate museum network in the UK. He is actually presently curator for the crafts at the the Lodging Bel-Air as well as the Beverly Hillsides Resort and Bungalows in Los Angeles.
Port Shainman Showroom was actually founded in 1984 and also presently embodies musicians including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B. Simpson. In January, the picture opened a new 20,000-square-foot room in Tribeca.
Friday's suit carried out not detail the art work Port Shainman Gallery had consigned to Hedges as well as his picture, keeping in mind just that the two were intended to sell these jobs to enthusiasts. Depending on to the satisfy, Hedges as well as his picture "maintained and also utilized those funds for their own functions as well as benefit.".
" Hedges Projects is saddened to learn about the case filed through Port Shainman Gallery," the gallery said in a statement. "Hedges Projects and also Port Shainman Gallery possess possessed a successful business connection given that 2018. It is unlucky that Jack Shainman Gallery made a decision to file a claim while the gatherings remain in the midst of organization settlements. Our company highly differ with the insurance claim, and plan to claim counterclaims of our own, if essential.".
An agent for Port Shainman Gallery dropped to comment.