.New York's Jack Shainman Gallery has actually filed suit enthusiast James R. Hedges IV, declaring that he is obligated to repay almost $300,000 for the purchases of 19 artworks that the gallery had consigned to him.
The lawsuit, which was filed in the Supreme Court of the Condition of Nyc on Friday, states that Hedges and also his gallery, the Santa Monica-- based Hedges Projects, were consigned these jobs through statements courted in between June 2022 as well as Might 2024. Hedges and also his gallery are charged of being obligated to pay $298,772.72.
Hedges has actually called themself "the go-to person for Warhol photography," claiming in his biography that he has the most significant exclusive collection of pictures by the Stand out artist. He has actually curated shows of Warhol's photos, consisting of one in 2020 at Jack Shainman Picture held prior to the start of the pandemic in New york city. He additionally presented a selling show of Warhol's art with Gagosian picture in 2022.
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The boy of a debt collector of self-taught musicians, Hedges centered permanent on art beginning in 2013, the year that he departed the globe of expenditure banking, depending on to the Art Newspaper. In addition to accumulating fine art, he has actually worked as a trustee to the Dia Craft Structure and has been actually a patron of the Museum of Modern Fine Art in New York, the Aspen Craft Museum in Colorado, and the Tate museum system in the UK. He is presently conservator for the arts at the the Lodging Bel-Air and the Beverly Hills Hotel and Bungalows in Los Angeles.
Jack Shainman Showroom was founded in 1984 as well as currently represents musicians like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B. Simpson. In January, the picture opened a brand-new 20,000-square-foot space in Tribeca.
Friday's legal action performed certainly not particular the art work Jack Shainman Picture had actually consigned to Hedges and also his picture, taking note simply that the two were actually supposed to sell these jobs to debt collectors. Depending on to the fit, Hedges and his picture "maintained and made use of those funds for their own purposes and advantage.".
" Hedges Projects is actually made blue to find out about the claim filed through Jack Shainman Picture," the gallery mentioned in a statement. "Hedges Projects as well as Port Shainman Gallery possess possessed a successful business connection since 2018. It is unfortunate that Jack Shainman Gallery chose to file a claim while the events are in the midst of service agreements. We strongly disagree with the insurance claim, as well as planning to claim counterclaims of our personal, if important.".
A rep for Jack Shainman Picture declined to comment.