.Nyc's Jack Shainman Gallery has actually taken legal action against collector James R. Hedges IV, alleging that he is obligated to repay almost $300,000 for the sales of 19 art work that the picture had committed to him.
The case, which was actually submitted in the Supreme Court of the Condition of Nyc on Friday, claims that Hedges as well as his gallery, the Santa clam Monica-- based Hedges Projects, were consigned these jobs through statements dated in between June 2022 as well as May 2024. Hedges as well as his picture are actually accused of owing $298,772.72.
Hedges has called himself "the go-to person for Warhol photography," professing in his biography that he has the most significant personal collection of photos due to the Pop musician. He has curated shows of Warhol's pictures, consisting of one in 2020 at Port Shainman Picture contained just before the start of the pandemic in New york city. He additionally presented a selling show of Warhol's fine art along with Gagosian gallery in 2022.
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The son of a collector of self-taught musicians, Hedges concentrated full time on craft beginning in 2013, the year that he left the globe of financial investment banking, according to the Craft Paper. Besides gathering craft, he has actually served as a trustee to the Dia Art Foundation and has been actually a patron of the Gallery of Modern Fine Art in New York, the Aspen Craft Museum in Colorado, as well as the Tate museum system in the UK. He is actually currently manager for the arts at the the Hotel Bel-Air as well as the Beverly Hills Accommodation and Bungalows in Los Angeles.
Jack Shainman Gallery was actually established in 1984 as well as currently stands for artists like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B. Simpson. In January, the gallery opened up a brand-new 20,000-square-foot space in Tribeca.
Friday's claim carried out not particular the art work Jack Shainman Picture had committed to Hedges and also his picture, keeping in mind simply that both were actually expected to market these works to enthusiasts. Depending on to the meet, Hedges as well as his gallery "maintained as well as utilized those funds for their very own objectives as well as advantage.".
" Hedges Projects is actually made blue to learn about the case filed through Jack Shainman Gallery," the gallery claimed in a declaration. "Hedges Projects as well as Port Shainman Picture possess had an effective company connection since 2018. It is unfavorable that Port Shainman Picture decided to sue while the parties are in the midst of service discussions. Our company definitely disagree along with the insurance claim, and program to declare counterclaims of our very own, if necessary.".
A representative for Port Shainman Picture dropped to comment.