.New york city’s Jack Shainman Picture has taken legal action against collector James R. Hedges IV, declaring that he is obligated to repay nearly $300,000 for the sales of 19 artworks that the picture had consigned to him. The lawsuit, which was filed in the Supreme Court of the State of The Big Apple on Friday, claims that Hedges and his gallery, the Santa clam Monica– located Hedges Projects, were actually consigned these works through billings dated between June 2022 and Might 2024.
Hedges and also his gallery are accused of being obligated to pay $298,772.72. Hedges has called himself “the best man for Warhol photography,” asserting in his bio that he owns the greatest exclusive selection of photos due to the Stand out musician. He has actually curated series of Warhol’s photographs, including one in 2020 at Jack Shainman Gallery carried prior to the start of the pandemic in New york city.
He additionally presented a selling program of Warhol’s art along with Gagosian picture in 2022. Related Articles. The child of a collector of self-taught artists, Hedges concentrated full-time on art beginning in 2013, the year that he departed the globe of investment banking, depending on to the Craft Newspaper.
Along with accumulating craft, he has actually worked as a fiduciary to the Dia Art Base and has actually been actually a customer of the Gallery of Modern Art in Nyc, the Aspen Art Gallery in Colorado, as well as the Tate museum network in the UK. He is currently manager for the crafts at the the Lodging Bel-Air and also the Beverly Hills Hotel and also Bungalows in Los Angeles. Port Shainman Showroom was established in 1984 and presently works with artists including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B.
Simpson. In January, the picture opened up a brand new 20,000-square-foot space in Tribeca. Friday’s claim performed not information the artworks Jack Shainman Gallery had committed to Hedges and his gallery, taking note only that both were actually meant to sell these jobs to enthusiasts.
According to the satisfy, Hedges as well as his picture “kept as well as made use of those funds for their personal reasons as well as advantage.”. ” Hedges Projects is saddened to learn about the case filed through Jack Shainman Gallery,” the gallery stated in a statement. “Hedges Projects and also Jack Shainman Picture possess had a successful company connection since 2018.
It is actually unlucky that Port Shainman Gallery determined to sue while the celebrations remain in the middle of business agreements. Our company highly differ along with the case, as well as planning to assert counterclaims of our personal, if essential.”. A rep for Jack Shainman Picture decreased to comment.