.New york city's Jack Shainman Gallery has actually taken legal action against debt collector James R. Hedges IV, affirming that he owes almost $300,000 for the sales of 19 art work that the picture had actually consigned to him.
The lawsuit, which was actually submitted in the High court of the State of New York City on Friday, asserts that Hedges and his gallery, the Santa Monica-- based Hedges Projects, were committed these jobs by means of billings dated between June 2022 as well as May 2024. Hedges as well as his picture are indicted of being obligated to pay $298,772.72.
Hedges has actually called themself "the best fella for Warhol digital photography," declaring in his profile that he has the greatest personal selection of photos by the Pop musician. He has actually curated shows of Warhol's photos, including one in 2020 at Jack Shainman Picture held before the beginning of the pandemic in Nyc. He additionally staged a marketing program of Warhol's art with Gagosian gallery in 2022.
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The son of an enthusiast of self-taught musicians, Hedges focused full time on fine art starting in 2013, the year that he departed the planet of expenditure banking, depending on to the Fine art Paper. Aside from collecting art, he has actually served as a trustee to the Dia Fine Art Structure and also has actually been actually a customer of the Gallery of Modern Craft in The Big Apple, the Aspen Art Museum in Colorado, as well as the Tate museum network in the UK. He is actually presently conservator for the crafts at the the Lodging Bel-Air and the Beverly Hills Hotel and Bungalows in Los Angeles.
Jack Shainman Exhibit was actually started in 1984 and presently embodies performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B. Simpson. In January, the picture opened a brand-new 20,000-square-foot area in Tribeca.
Friday's case carried out not detail the artworks Jack Shainman Picture had actually consigned to Hedges and also his gallery, keeping in mind only that the two were meant to market these works to collectors. According to the satisfy, Hedges and his gallery "maintained as well as made use of those funds for their own reasons as well as benefit.".
" Hedges Projects is distressed to learn about the lawsuit submitted through Port Shainman Picture," the picture claimed in a declaration. "Hedges Projects and also Jack Shainman Picture possess possessed a productive company connection due to the fact that 2018. It is regrettable that Port Shainman Gallery chose to sue while the parties remain in the midst of company agreements. Our experts firmly differ with the case, and program to assert counterclaims of our very own, if needed.".
A rep for Jack Shainman Gallery decreased to comment.