.New York's Port Shainman Picture has sued enthusiast James R. Hedges IV, declaring that he is obligated to repay almost $300,000 for the purchases of 19 art work that the gallery had actually consigned to him.
The lawsuit, which was actually submitted in the High court of the Condition of New York City on Friday, professes that Hedges and also his picture, the Santa Monica-- based Hedges Projects, were committed these works by means of billings gone out with between June 2022 and also May 2024. Hedges and his gallery are actually charged of owing $298,772.72.
Hedges has called themself "the best individual for Warhol digital photography," asserting in his profile that he has the greatest exclusive collection of photographs by the Pop musician. He has actually curated shows of Warhol's photographs, consisting of one in 2020 at Port Shainman Picture carried just before the beginning of the pandemic in Nyc. He also presented a selling show of Warhol's craft with Gagosian picture in 2022.
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The child of a collection agency of self-taught performers, Hedges centered permanent on fine art starting in 2013, the year that he left the planet of investment banking, according to the Craft Paper. Besides collecting fine art, he has acted as a trustee to the Dia Art Structure as well as has actually been actually a patron of the Museum of Modern Craft in The Big Apple, the Aspen Fine Art Museum in Colorado, and also the Tate gallery system in the UK. He is actually presently conservator for the arts at the the Hotel Bel-Air and also the Beverly Hills Lodging and also Bungalows in Los Angeles.
Port Shainman Exhibit was started in 1984 and also currently embodies performers such as 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 area in Tribeca.
Friday's legal action did certainly not particular the art work Port Shainman Picture had consigned to Hedges and his picture, taking note only that both were actually meant to market these works to collection agencies. Depending on to the satisfy, Hedges as well as his picture "always kept as well as made use of those funds for their very own objectives and also perk.".
" Hedges Projects is grieved to learn about the case filed through Port Shainman Gallery," the picture claimed in a claim. "Hedges Projects and Port Shainman Picture possess had a productive company relationship given that 2018. It is unfortunate that Jack Shainman Picture chose to file a claim while the gatherings reside in the midst of company negotiations. Our experts strongly disagree with the case, as well as planning to assert counterclaims of our personal, if important.".
An agent for Jack Shainman Gallery dropped to comment.