.Nyc's Jack Shainman Picture has actually filed a claim against collector James R. Hedges IV, affirming that he owes almost $300,000 for the purchases of 19 arts pieces that the picture had actually committed to him.
The claim, which was submitted in the High court of the State of Nyc on Friday, claims that Hedges and also his picture, the Santa clam Monica-- based Hedges Projects, were committed these jobs via billings gone out with between June 2022 and May 2024. Hedges and also his gallery are actually implicated of owing $298,772.72.
Hedges has actually called himself "the go-to man for Warhol photography," declaring in his biography that he has the biggest personal assortment of photos due to the Pop performer. He has curated programs of Warhol's pictures, consisting of one in 2020 at Port Shainman Gallery accommodated just before the beginning of the pandemic in Nyc. He also organized a selling series of Warhol's fine art with Gagosian picture in 2022.
Similar Articles.
The son of a debt collector of self-taught musicians, Hedges focused full time on fine art beginning in 2013, the year that he departed the world of investment banking, depending on to the Craft Paper. In addition to picking up art, he has served as a trustee to the Dia Craft Structure as well as has been a client of the Gallery of Modern Craft in New York City, the Aspen Art Museum in Colorado, as well as the Tate museum network in the UK. He is actually presently curator for the crafts at the the Hotel Bel-Air and also the Beverly Hillsides Lodging and also Bungalows in Los Angeles.
Jack Shainman Gallery was actually founded in 1984 as well as presently exemplifies artists including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Rose B. Simpson. In January, the gallery opened up a new 20,000-square-foot space in Tribeca.
Friday's legal action did certainly not information the art work Port Shainman Picture had actually consigned to Hedges and his picture, keeping in mind just that the two were actually supposed to sell these jobs to collectors. Depending on to the satisfy, Hedges as well as his picture "always kept and also utilized those funds for their personal purposes as well as perk.".
" Hedges Projects is actually made blue to learn about the case submitted through Port Shainman Gallery," the picture pointed out in a declaration. "Hedges Projects as well as Jack Shainman Picture possess had a successful organization relationship because 2018. It is actually unlucky that Jack Shainman Gallery determined to file a claim while the celebrations remain in the midst of organization discussions. Our team firmly disagree with the insurance claim, and also strategy to declare counterclaims of our very own, if important.".
A rep for Port Shainman Gallery dropped to comment.