.New york city’s Port Shainman Gallery has actually filed a claim against collection agency James R. Hedges IV, alleging that he is obligated to pay virtually $300,000 for the purchases of 19 arts pieces that the picture had committed to him. The claim, which was actually filed in the Supreme Court of the State of The Big Apple on Friday, states that Hedges and also his gallery, the Santa Monica– based Hedges Projects, were consigned these jobs through invoices dated between June 2022 and also May 2024.
Hedges and also his gallery are charged of owing $298,772.72. Hedges has called themself “the best fella for Warhol digital photography,” asserting in his bio that he owns the greatest private collection of photos by the Stand out musician. He has actually curated shows of Warhol’s photos, featuring one in 2020 at Jack Shainman Picture contained prior to the onset of the pandemic in New york city.
He likewise organized a marketing series of Warhol’s craft along with Gagosian gallery in 2022. Relevant Contents. The kid of a debt collector of self-taught performers, Hedges concentrated permanent on art starting in 2013, the year that he left the globe of financial investment financial, according to the Craft Newspaper.
Along with collecting art, he has served as a fiduciary to the Dia Art Foundation as well as has been a patron of the Gallery of Modern Fine Art in New York, the Aspen Fine Art Museum in Colorado, and also the Tate museum system in the UK. He is actually currently manager for the fine arts at the the Resort Bel-Air and the Beverly Hillsides Accommodation and Bungalows in Los Angeles. Jack Shainman Exhibit was actually founded in 1984 and also currently stands for musicians such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B.
Simpson. In January, the picture opened a new 20,000-square-foot area in Tribeca. Friday’s lawsuit performed not information the art work Port Shainman Gallery had actually committed to Hedges and also his gallery, taking note simply that both were actually meant to offer these works to enthusiasts.
Depending on to the satisfy, Hedges and his picture “maintained and utilized those funds for their personal objectives and also advantage.”. ” Hedges Projects is made blue to learn about the claim filed through Port Shainman Gallery,” the picture said in a claim. “Hedges Projects and also Port Shainman Gallery have had an effective service relationship considering that 2018.
It is actually unfortunate that Jack Shainman Picture chose to sue while the events are in the midst of organization discussions. Our team firmly differ with the insurance claim, as well as planning to assert counterclaims of our own, if needed.”. A representative for Port Shainman Gallery decreased to comment.