.New York’s Port Shainman Picture has actually filed suit collector James R. Hedges IV, affirming that he is obligated to repay nearly $300,000 for the purchases of 19 art work that the picture had consigned to him. The legal action, which was filed in the High court of the Condition of Nyc on Friday, asserts that Hedges and also his gallery, the Santa clam Monica– located Hedges Projects, were committed these jobs via statements courted in between June 2022 as well as May 2024.
Hedges as well as his gallery are actually implicated of being obligated to repay $298,772.72. Hedges has actually called themself “the go-to fella for Warhol digital photography,” asserting in his bio that he owns the biggest personal compilation of photographs by the Pop performer. He has actually curated series of Warhol’s photographs, consisting of one in 2020 at Port Shainman Gallery held just before the onset of the pandemic in New York.
He likewise organized a selling program of Warhol’s fine art with Gagosian gallery in 2022. Relevant Contents. The boy of a debt collector of self-taught artists, Hedges concentrated full-time on art starting in 2013, the year that he left the world of investment banking, according to the Craft Newspaper.
Along with gathering art, he has actually acted as a trustee to the Dia Craft Structure as well as has actually been actually a client of the Gallery of Modern Craft in New York City, the Aspen Fine Art Gallery in Colorado, and the Tate museum network in the UK. He is actually presently manager for the arts at the the Accommodation Bel-Air and the Beverly Hills Resort as well as Bungalows in Los Angeles. Jack Shainman Showroom was established in 1984 and currently represents performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B.
Simpson. In January, the picture opened a new 20,000-square-foot space in Tribeca. Friday’s case did not particular the art work Jack Shainman Picture had committed to Hedges and his picture, keeping in mind simply that the 2 were actually meant to offer these works to collection agencies.
Depending on to the satisfy, Hedges and also his gallery “kept as well as made use of those funds for their very own objectives and also perk.”. ” Hedges Projects is distressed to learn about the lawsuit filed by Port Shainman Gallery,” the picture pointed out in a statement. “Hedges Projects and Jack Shainman Picture possess had a successful service relationship since 2018.
It is unfortunate that Port Shainman Picture determined to sue while the gatherings are in the midst of business discussions. Our company definitely differ along with the claim, and plan to claim counterclaims of our own, if essential.”. A rep for Jack Shainman Gallery decreased to comment.