.New york city's Port Shainman Gallery has actually filed a claim against collector James R. Hedges IV, declaring that he owes almost $300,000 for the sales of 19 arts pieces that the picture had actually committed to him.
The legal action, which was actually filed in the Supreme Court of the Condition of New York City on Friday, professes that Hedges as well as his picture, the Santa Monica-- located Hedges Projects, were actually committed these jobs via invoices dated in between June 2022 as well as May 2024. Hedges and also his picture are charged of being obligated to repay $298,772.72.
Hedges has called themself "the go-to person for Warhol digital photography," stating in his profile that he owns the biggest exclusive selection of photos due to the Stand out performer. He has actually curated series of Warhol's pictures, featuring one in 2020 at Port Shainman Picture held before the start of the pandemic in New york city. He additionally presented a selling program of Warhol's craft along with Gagosian gallery in 2022.
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The child of a collector of self-taught musicians, Hedges centered permanent on art beginning in 2013, the year that he departed the world of financial investment banking, according to the Art Paper. Along with collecting craft, he has served as a fiduciary to the Dia Fine Art Groundwork and also has actually been actually a customer of the Gallery of Modern Art in Nyc, the Aspen Art Gallery in Colorado, and the Tate gallery system in the UK. He is actually currently curator for the fine arts at the the Accommodation Bel-Air as well as the Beverly Hillsides Hotels And Resort as well as Bungalows in Los Angeles.
Port Shainman Showroom was actually founded in 1984 and also presently embodies performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B. Simpson. In January, the picture opened a new 20,000-square-foot space in Tribeca.
Friday's claim carried out certainly not detail the art work Port Shainman Picture had actually consigned to Hedges and also his picture, taking note simply that the 2 were expected to offer these works to debt collectors. Depending on to the fit, Hedges and also his gallery "maintained and used those funds for their own purposes and advantage.".
" Hedges Projects is distressed to learn more about the legal action submitted through Jack Shainman Gallery," the gallery claimed in a statement. "Hedges Projects as well as Jack Shainman Gallery possess possessed a prosperous service connection because 2018. It is unfortunate that Jack Shainman Gallery made a decision to file a claim while the events are in the middle of organization arrangements. We highly disagree along with the claim, as well as planning to claim counterclaims of our very own, if essential.".
A rep for Port Shainman Gallery declined to comment.