.New york city's Port Shainman Picture has actually filed suit enthusiast James R. Hedges IV, affirming that he is obligated to pay almost $300,000 for the sales of 19 art work that the picture had actually committed to him.
The claim, which was filed in the Supreme Court of the State of New York City on Friday, professes that Hedges and also his picture, the Santa Monica-- based Hedges Projects, were committed these works using invoices gone out with in between June 2022 and also Might 2024. Hedges and his picture are accused of owing $298,772.72.
Hedges has actually called themself "the go-to man for Warhol photography," declaring in his bio that he owns the greatest private collection of photos by the Pop musician. He has curated shows of Warhol's photos, including one in 2020 at Jack Shainman Gallery accommodated before the start of the pandemic in The big apple. He likewise organized a selling series of Warhol's fine art with Gagosian gallery in 2022.
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The child of a collection agency of self-taught musicians, Hedges concentrated full time on craft starting in 2013, the year that he left the world of assets financial, depending on to the Craft Newspaper. In addition to gathering fine art, he has functioned as a fiduciary to the Dia Fine Art Foundation and has actually been actually a customer of the Museum of Modern Craft in New York City, the Aspen Craft Gallery in Colorado, and also the Tate museum network in the UK. He is presently conservator for the fine arts at the the Accommodation Bel-Air as well as the Beverly Hillsides Hotels And Resort and also Bungalows in Los Angeles.
Jack Shainman Gallery was established in 1984 and currently represents musicians including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Flower B. Simpson. In January, the picture opened a brand new 20,000-square-foot space in Tribeca.
Friday's lawsuit carried out not detail the art work Port Shainman Picture had actually committed to Hedges and his picture, noting just that the 2 were intended to offer these works to debt collectors. Depending on to the match, Hedges as well as his picture "kept as well as made use of those funds for their own objectives and also benefit.".
" Hedges Projects is saddened to discover the suit filed through Jack Shainman Gallery," the gallery pointed out in a statement. "Hedges Projects and Port Shainman Gallery have possessed an effective company relationship because 2018. It is regrettable that Port Shainman Gallery chose to file a claim while the events reside in the midst of business settlements. We highly differ along with the insurance claim, as well as planning to insist counterclaims of our own, if needed.".
A representative for Port Shainman Picture dropped to comment.