.New York’s Port Shainman Gallery has actually filed a claim against debt collector James R. Hedges IV, affirming that he is obligated to repay nearly $300,000 for the purchases of 19 artworks that the gallery had actually committed to him. The legal action, which was submitted in the Supreme Court of the State of New York City on Friday, claims that Hedges and also his picture, the Santa Monica– located Hedges Projects, were actually consigned these jobs using statements courted between June 2022 and Might 2024.
Hedges and his gallery are accused of owing $298,772.72. Hedges has actually called himself “the go-to man for Warhol digital photography,” claiming in his profile that he possesses the most significant personal compilation of photos due to the Stand out artist. He has curated series of Warhol’s pictures, including one in 2020 at Port Shainman Picture held prior to the beginning of the pandemic in New York.
He additionally staged a selling program of Warhol’s craft with Gagosian gallery in 2022. Relevant Contents. The child of a collector of self-taught performers, Hedges focused full-time on craft starting in 2013, the year that he departed the planet of expenditure banking, according to the Craft Paper.
Aside from gathering art, he has acted as a fiduciary to the Dia Art Structure and also has been actually a customer of the Museum of Modern Craft in New York, the Aspen Art Museum in Colorado, and the Tate gallery system in the UK. He is actually presently curator for the fine arts at the the Lodging Bel-Air and also the Beverly Hills Hotels And Resort and Bungalows in Los Angeles. Port Shainman Exhibit was actually established in 1984 as well as currently embodies musicians like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B.
Simpson. In January, the picture opened up a new 20,000-square-foot space in Tribeca. Friday’s lawsuit did not information the artworks Jack Shainman Picture had actually consigned to Hedges as well as his gallery, taking note merely that both were actually meant to offer these works to collectors.
Depending on to the suit, Hedges and also his picture “always kept as well as made use of those funds for their own functions and perk.”. ” Hedges Projects is actually made blue to find out about the case submitted through Port Shainman Gallery,” the picture claimed in a statement. “Hedges Projects and Jack Shainman Picture possess had a prosperous organization connection since 2018.
It is actually unfavorable that Jack Shainman Gallery made a decision to sue while the parties are in the middle of organization discussions. Our company highly disagree along with the claim, and also program to assert counterclaims of our very own, if essential.”. A rep for Jack Shainman Gallery declined to comment.