.New york city's Port Shainman Gallery has filed a claim against enthusiast James R. Hedges IV, alleging that he is obligated to pay almost $300,000 for the sales of 19 artworks that the gallery had committed to him.
The claim, which was submitted in the Supreme Court of the State of Nyc on Friday, asserts that Hedges and his gallery, the Santa Monica-- based Hedges Projects, were actually committed these works via statements gone out with between June 2022 and also May 2024. Hedges as well as his picture are actually implicated of being obligated to repay $298,772.72.
Hedges has called themself "the best man for Warhol digital photography," stating in his profile that he owns the largest personal selection of pictures by the Pop performer. He has actually curated series of Warhol's photos, including one in 2020 at Port Shainman Picture carried just before the beginning of the pandemic in New york city. He likewise organized a selling series of Warhol's craft with Gagosian gallery in 2022.
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The kid of a collection agency of self-taught musicians, Hedges centered full-time on craft starting in 2013, the year that he departed the planet of financial investment banking, depending on to the Art Paper. Aside from gathering fine art, he has served as a trustee to the Dia Fine Art Structure and also has been a patron of the Museum of Modern Fine Art in New York City, the Aspen Craft Gallery in Colorado, as well as the Tate gallery network in the UK. He is currently conservator for the crafts at the the Hotel Bel-Air and also the Beverly Hills Hotel as well as Bungalows in Los Angeles.
Jack Shainman Gallery was actually founded in 1984 and currently represents artists including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Rose B. Simpson. In January, the picture opened up a new 20,000-square-foot space in Tribeca.
Friday's case carried out not information the arts pieces Port Shainman Gallery had committed to Hedges as well as his gallery, noting only that both were actually intended to market these works to enthusiasts. Depending on to the meet, Hedges and also his picture "maintained and also made use of those funds for their own objectives as well as benefit.".
" Hedges Projects is saddened to discover the claim submitted by Jack Shainman Picture," the gallery claimed in a declaration. "Hedges Projects as well as Jack Shainman Gallery possess possessed a prosperous company partnership because 2018. It is unfortunate that Port Shainman Gallery decided to sue while the gatherings remain in the midst of service negotiations. Our team firmly differ along with the case, and plan to claim counterclaims of our very own, if needed.".
A rep for Port Shainman Picture dropped to comment.