.New York's Jack Shainman Picture has filed suit collection agency James R. Hedges IV, alleging that he is obligated to repay nearly $300,000 for the purchases of 19 art work that the picture had actually consigned to him.
The suit, which was filed in the High court of the Condition of Nyc on Friday, professes that Hedges as well as his gallery, the Santa Monica-- located Hedges Projects, were actually committed these jobs using statements gone out with between June 2022 as well as Might 2024. Hedges and also his picture are indicted of being obligated to repay $298,772.72.
Hedges has actually called themself "the go-to guy for Warhol digital photography," claiming in his biography that he owns the most significant private collection of pictures due to the Stand out artist. He has actually curated programs of Warhol's pictures, including one in 2020 at Jack Shainman Picture held just before the beginning of the pandemic in The big apple. He also presented a selling series of Warhol's art with Gagosian gallery in 2022.
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The boy of a collection agency of self-taught artists, Hedges focused full time on craft starting in 2013, the year that he departed the world of investment financial, depending on to the Craft Newspaper. Besides gathering art, he has actually worked as a trustee to the Dia Fine Art Structure and also has actually been actually a patron of the Gallery of Modern Fine Art in New York, the Aspen Art Gallery in Colorado, as well as the Tate museum network in the UK. He is actually presently manager for the crafts at the the Hotels and resort Bel-Air and the Beverly Hillsides Hotels And Resort and also Bungalows in Los Angeles.
Jack Shainman Showroom was actually founded in 1984 as well as currently represents musicians like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Rose B. Simpson. In January, the gallery opened a brand-new 20,000-square-foot room in Tribeca.
Friday's lawsuit did certainly not information the arts pieces Port Shainman Gallery had actually consigned to Hedges and his gallery, noting simply that the 2 were supposed to offer these jobs to collection agencies. Depending on to the satisfy, Hedges and also his picture "kept and made use of those funds for their own reasons and advantage.".
" Hedges Projects is actually distressed to learn more about the suit submitted through Jack Shainman Picture," the picture mentioned in a claim. "Hedges Projects as well as Jack Shainman Picture have possessed an effective company partnership due to the fact that 2018. It is actually regrettable that Jack Shainman Gallery determined to file a claim while the celebrations are in the midst of organization negotiations. We highly disagree with the insurance claim, and also planning to assert counterclaims of our very own, if needed.".
An agent for Port Shainman Gallery dropped to comment.