.New York's Jack Shainman Picture has sued enthusiast James R. Hedges IV, declaring that he is obligated to pay almost $300,000 for the purchases of 19 arts pieces that the picture had actually committed to him.
The case, which was actually submitted in the High court of the State of New York City on Friday, asserts that Hedges and his picture, the Santa Monica-- based Hedges Projects, were consigned these works via billings dated between June 2022 as well as May 2024. Hedges as well as his picture are actually accused of being obligated to pay $298,772.72.
Hedges has actually called himself "the best person for Warhol digital photography," stating in his biography that he owns the greatest exclusive assortment of pictures by the Pop artist. He has curated programs of Warhol's photos, consisting of one in 2020 at Port Shainman Picture held just before the beginning of the pandemic in Nyc. He also staged a marketing show of Warhol's art along with Gagosian picture in 2022.
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The boy of a collector of self-taught musicians, Hedges concentrated full time on craft beginning in 2013, the year that he left the world of financial investment banking, depending on to the Fine art Newspaper. Besides gathering craft, he has acted as a trustee to the Dia Craft Base and also has actually been actually a patron of the Gallery of Modern Art in The Big Apple, the Aspen Fine Art Gallery in Colorado, as well as the Tate gallery system in the UK. He is currently conservator for the crafts at the the Accommodation Bel-Air and the Beverly Hills Accommodation and also Bungalows in Los Angeles.
Jack Shainman Gallery was actually established in 1984 and also currently works with performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Rose B. Simpson. In January, the gallery opened up a brand new 20,000-square-foot area in Tribeca.
Friday's claim did not information the art work Jack Shainman Gallery had consigned to Hedges as well as his picture, taking note just that the 2 were meant to offer these jobs to enthusiasts. According to the match, Hedges as well as his gallery "maintained as well as used those funds for their own reasons as well as advantage.".
" Hedges Projects is actually made blue to learn more about the lawsuit submitted by Port Shainman Picture," the picture pointed out in a claim. "Hedges Projects as well as Jack Shainman Picture possess had a prosperous service relationship due to the fact that 2018. It is regrettable that Jack Shainman Gallery made a decision to sue while the events remain in the middle of business negotiations. We firmly disagree with the insurance claim, as well as plan to claim counterclaims of our personal, if needed.".
An agent for Port Shainman Gallery declined to comment.