.New york city's Jack Shainman Picture has filed suit debt collector James R. Hedges IV, affirming that he is obligated to pay virtually $300,000 for the sales of 19 art work that the picture had actually consigned to him.
The claim, which was actually filed in the High court of the State of New York on Friday, declares that Hedges and his gallery, the Santa Monica-- located Hedges Projects, were consigned these jobs via statements dated in between June 2022 and also Might 2024. Hedges as well as his picture are accused of being obligated to pay $298,772.72.
Hedges has actually called themself "the best guy for Warhol photography," asserting in his biography that he has the greatest exclusive selection of photos due to the Pop musician. He has actually curated shows of Warhol's photos, including one in 2020 at Jack Shainman Gallery accommodated just before the beginning of the pandemic in Nyc. He additionally organized a marketing program of Warhol's craft with Gagosian picture in 2022.
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The child of a debt collector of self-taught artists, Hedges centered full-time on fine art starting in 2013, the year that he left the world of assets banking, according to the Fine art Paper. Besides collecting art, he has acted as a fiduciary to the Dia Craft Foundation and also has been a patron of the Gallery of Modern Fine Art in Nyc, the Aspen Craft Museum in Colorado, and also the Tate museum network in the UK. He is actually currently curator for the crafts at the the Resort Bel-Air as well as the Beverly Hillsides Accommodation and also Bungalows in Los Angeles.
Port Shainman Gallery was started in 1984 as well as currently represents artists such as 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 room in Tribeca.
Friday's claim performed certainly not information the art work Jack Shainman Gallery had committed to Hedges and also his picture, noting simply that the 2 were actually intended to market these works to collectors. Depending on to the meet, Hedges as well as his picture "always kept and also used those funds for their own reasons as well as benefit.".
" Hedges Projects is grieved to find out about the case filed by Port Shainman Picture," the picture stated in a claim. "Hedges Projects and also Jack Shainman Picture have possessed a successful organization connection given that 2018. It is actually regrettable that Jack Shainman Picture determined to sue while the celebrations remain in the midst of business discussions. Our company strongly disagree with the case, as well as strategy to insist counterclaims of our personal, if important.".
An agent for Jack Shainman Picture decreased to comment.