.New york city's Jack Shainman Gallery has actually filed a claim against enthusiast James R. Hedges IV, declaring that he is obligated to repay almost $300,000 for the purchases of 19 arts pieces that the picture had actually committed to him.
The claim, which was actually submitted in the High court of the Condition of New York on Friday, states that Hedges and also his picture, the Santa clam Monica-- based Hedges Projects, were actually consigned these works using statements dated in between June 2022 as well as May 2024. Hedges and also his picture are indicted of owing $298,772.72.
Hedges has called himself "the go-to man for Warhol photography," professing in his biography that he has the greatest personal assortment of photographs due to the Stand out musician. He has curated shows of Warhol's photos, including one in 2020 at Jack Shainman Picture contained prior to the beginning of the pandemic in Nyc. He also presented a selling show of Warhol's fine art with Gagosian gallery in 2022.
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The boy of an enthusiast of self-taught musicians, Hedges focused full-time on craft beginning in 2013, the year that he left the globe of financial investment financial, according to the Art Paper. Along with picking up fine art, he has actually acted as a trustee to the Dia Craft Foundation and also has been actually a client of the Gallery of Modern Craft in New York, the Aspen Craft Gallery in Colorado, and the Tate gallery network in the UK. He is presently manager for the fine arts at the the Hotels and resort Bel-Air and also the Beverly Hills Accommodation and Bungalows in Los Angeles.
Jack Shainman Gallery was established in 1984 as well as presently embodies performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B. Simpson. In January, the gallery opened up a brand-new 20,000-square-foot area in Tribeca.
Friday's claim did certainly not particular the art work Port Shainman Picture had consigned to Hedges and also his gallery, keeping in mind merely that the 2 were actually intended to market these works to debt collectors. According to the satisfy, Hedges and his picture "always kept and also made use of those funds for their personal purposes and perk.".
" Hedges Projects is actually grieved to learn more about the legal action submitted by Port Shainman Gallery," the gallery stated in a declaration. "Hedges Projects and also Jack Shainman Gallery have possessed a productive service relationship given that 2018. It is actually unlucky that Jack Shainman Picture chose to file a claim while the parties reside in the middle of business arrangements. We definitely disagree with the claim, as well as planning to claim counterclaims of our own, if important.".
An agent for Port Shainman Gallery decreased to comment.