.New York's Port Shainman Gallery has filed a claim against enthusiast James R. Hedges IV, affirming that he owes virtually $300,000 for the sales of 19 art work that the picture had consigned to him.
The suit, which was filed in the High court of the State of New York City on Friday, declares that Hedges as well as his picture, the Santa Monica-- based Hedges Projects, were actually consigned these jobs by means of billings dated in between June 2022 as well as May 2024. Hedges as well as his gallery are charged of owing $298,772.72.
Hedges has actually called himself "the go-to fella for Warhol digital photography," asserting in his profile that he possesses the largest private assortment of photos by the Stand out musician. He has curated programs of Warhol's pictures, featuring one in 2020 at Port Shainman Picture held just before the onset of the pandemic in New York. He likewise organized a marketing program of Warhol's fine art along with Gagosian picture in 2022.
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The child of an enthusiast of self-taught musicians, Hedges focused full-time on art starting in 2013, the year that he left the world of investment financial, depending on to the Fine art Paper. Besides accumulating fine art, he has functioned as a trustee to the Dia Art Structure as well as has actually been a client of the Gallery of Modern Fine Art in The Big Apple, the Aspen Art Museum in Colorado, and also the Tate gallery system in the UK. He is currently manager for the arts at the the Lodging Bel-Air and the Beverly Hills Hotels And Resort and also Bungalows in Los Angeles.
Jack Shainman Gallery was started in 1984 as well as presently exemplifies performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B. Simpson. In January, the picture opened up a brand new 20,000-square-foot area in Tribeca.
Friday's claim did not information the art work Port Shainman Picture had actually consigned to Hedges as well as his gallery, noting merely that the two were intended to market these works to collection agencies. Depending on to the fit, Hedges and also his picture "always kept as well as made use of those funds for their own purposes as well as perk.".
" Hedges Projects is actually distressed to find out about the claim filed by Port Shainman Picture," the gallery pointed out in a statement. "Hedges Projects as well as Port Shainman Picture have had an effective business partnership due to the fact that 2018. It is actually unfavorable that Port Shainman Picture decided to file a claim while the parties are in the middle of company negotiations. Our team definitely disagree along with the case, as well as plan to claim counterclaims of our personal, if important.".
An agent for Port Shainman Gallery declined to comment.