.New york city’s Port Shainman Picture has filed suit collection agency James R. Hedges IV, affirming that he owes almost $300,000 for the purchases of 19 arts pieces that the picture had committed to him. The suit, which was actually filed in the Supreme Court of the State of Nyc on Friday, declares that Hedges and also his gallery, the Santa Monica– located Hedges Projects, were actually consigned these works by means of billings dated in between June 2022 and also Might 2024.
Hedges and his gallery are accused of owing $298,772.72. Hedges has actually called himself “the best individual for Warhol digital photography,” stating in his bio that he owns the greatest exclusive collection of photographs due to the Pop performer. He has actually curated shows of Warhol’s photographs, including one in 2020 at Jack Shainman Picture held prior to the onset of the pandemic in Nyc.
He also presented a selling program of Warhol’s art along with Gagosian picture in 2022. Similar Contents. The son of a collector of self-taught artists, Hedges centered full time on craft starting in 2013, the year that he departed the world of financial investment banking, according to the Art Newspaper.
Aside from gathering fine art, he has actually worked as a fiduciary to the Dia Craft Base as well as has actually been actually a patron of the Gallery of Modern Craft in New York City, the Aspen Art Gallery in Colorado, as well as the Tate museum network in the UK. He is actually currently manager for the arts at the the Hotel Bel-Air and the Beverly Hillsides Resort and also Bungalows in Los Angeles. Port Shainman Showroom was started in 1984 and currently exemplifies musicians including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B.
Simpson. In January, the gallery opened a new 20,000-square-foot area in Tribeca. Friday’s case did certainly not detail the art work Port Shainman Picture had actually committed to Hedges and also his picture, noting simply that both were supposed to offer these works to enthusiasts.
Depending on to the match, Hedges and his gallery “kept and used those funds for their very own objectives and benefit.”. ” Hedges Projects is made blue to learn more about the legal action submitted through Port Shainman Picture,” the picture mentioned in a claim. “Hedges Projects and also Jack Shainman Picture have had a prosperous organization relationship because 2018.
It is actually unlucky that Jack Shainman Gallery made a decision to sue while the celebrations remain in the middle of organization negotiations. Our experts strongly disagree with the claim, and program to assert counterclaims of our own, if important.”. A rep for Jack Shainman Picture dropped to comment.