.Nyc's Jack Shainman Gallery has filed a claim against debt collector James R. Hedges IV, affirming that he owes almost $300,000 for the sales of 19 art work that the picture had committed to him.
The case, which was submitted in the Supreme Court of the State of New York City on Friday, states that Hedges and his gallery, the Santa Monica-- located Hedges Projects, were actually committed these works using billings dated between June 2022 and also May 2024. Hedges and also his gallery are accused of owing $298,772.72.
Hedges has called themself "the best person for Warhol digital photography," professing in his bio that he owns the biggest personal assortment of photographs due to the Pop artist. He has actually curated shows of Warhol's photos, consisting of one in 2020 at Jack Shainman Picture contained before the onset of the pandemic in Nyc. He additionally presented a marketing program of Warhol's fine art with Gagosian picture in 2022.
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The kid of a collector of self-taught performers, Hedges concentrated full time on fine art beginning in 2013, the year that he departed the world of assets financial, depending on to the Craft Paper. Along with collecting fine art, he has actually functioned as a fiduciary to the Dia Art Foundation and has been a customer of the Gallery of Modern Fine Art in New York, the Aspen Fine Art Gallery in Colorado, as well as the Tate museum network in the UK. He is presently conservator for the arts at the the Lodging Bel-Air and also the Beverly Hills Hotel and Bungalows in Los Angeles.
Port Shainman Exhibit was actually established in 1984 and also currently represents musicians like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Flower B. Simpson. In January, the picture opened a brand-new 20,000-square-foot space in Tribeca.
Friday's case carried out certainly not particular the arts pieces Port Shainman Gallery had consigned to Hedges and his gallery, noting only that the two were actually expected to market these jobs to collection agencies. According to the suit, Hedges as well as his picture "maintained as well as made use of those funds for their very own purposes and advantage.".
" Hedges Projects is grieved to learn more about the lawsuit filed by Port Shainman Gallery," the picture claimed in a claim. "Hedges Projects as well as Jack Shainman Gallery have had a productive business relationship considering that 2018. It is unfavorable that Port Shainman Picture determined to file a claim while the gatherings remain in the midst of organization agreements. We firmly disagree with the insurance claim, and planning to declare counterclaims of our own, if required.".
An agent for Port Shainman Picture declined to comment.