.New York's Jack Shainman Picture has actually sued debt collector James R. Hedges IV, declaring that he is obligated to pay virtually $300,000 for the purchases of 19 artworks that the gallery had consigned to him.
The suit, which was actually filed in the High court of the State of Nyc on Friday, claims that Hedges as well as his picture, the Santa clam Monica-- located Hedges Projects, were committed these works via invoices courted in between June 2022 and also Might 2024. Hedges and also his gallery are implicated of being obligated to repay $298,772.72.
Hedges has called himself "the best person for Warhol digital photography," claiming in his bio that he possesses the biggest exclusive selection of pictures by the Stand out musician. He has curated shows of Warhol's pictures, featuring one in 2020 at Jack Shainman Picture contained just before the beginning of the pandemic in New york city. He likewise staged a selling series of Warhol's art along with Gagosian gallery in 2022.
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The boy of a collection agency of self-taught artists, Hedges centered full-time on fine art beginning in 2013, the year that he departed the world of financial investment financial, according to the Fine art Paper. In addition to accumulating art, he has acted as a trustee to the Dia Fine Art Foundation and also has actually been actually a patron of the Gallery of Modern Art in Nyc, the Aspen Fine Art Gallery in Colorado, as well as the Tate gallery network in the UK. He is actually currently conservator for the arts at the the Hotel Bel-Air and the Beverly Hills Hotel as well as Bungalows in Los Angeles.
Jack Shainman Showroom was actually started in 1984 and presently embodies performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Rose B. Simpson. In January, the gallery opened a new 20,000-square-foot space in Tribeca.
Friday's legal action carried out certainly not detail the artworks Jack Shainman Picture had committed to Hedges and his gallery, taking note simply that the 2 were actually expected to offer these works to enthusiasts. Depending on to the suit, Hedges and also his gallery "kept and utilized those funds for their very own purposes and advantage.".
" Hedges Projects is actually made blue to discover the claim filed through Jack Shainman Picture," the picture mentioned in a statement. "Hedges Projects and also Port Shainman Gallery possess possessed a successful service relationship because 2018. It is unfavorable that Port Shainman Gallery made a decision to sue while the celebrations are in the middle of company discussions. We definitely disagree with the case, and also planning to insist counterclaims of our very own, if important.".
An agent for Jack Shainman Picture declined to comment.