.New York’s Jack Shainman Gallery has filed a claim against collector James R. Hedges IV, affirming that he owes virtually $300,000 for the sales of 19 art work that the gallery had actually consigned to him. The suit, which was submitted in the High court of the Condition of New York City on Friday, professes that Hedges and also his gallery, the Santa Monica– located Hedges Projects, were committed these works via statements dated between June 2022 and May 2024.
Hedges and also his picture are actually charged of being obligated to pay $298,772.72. Hedges has actually called themself “the best guy for Warhol digital photography,” claiming in his biography that he owns the biggest personal collection of photographs by the Stand out musician. He has actually curated series of Warhol’s pictures, including one in 2020 at Jack Shainman Picture held prior to the start of the pandemic in The big apple.
He additionally staged a selling program of Warhol’s art with Gagosian gallery in 2022. Similar Contents. The child of a collection agency of self-taught performers, Hedges concentrated full-time on fine art starting in 2013, the year that he departed the world of financial investment financial, according to the Fine art Newspaper.
Along with gathering craft, he has actually functioned as a fiduciary to the Dia Craft Structure and has been actually a client of the Gallery of Modern Craft in New York City, the Aspen Fine Art Gallery in Colorado, as well as the Tate gallery network in the UK. He is presently manager for the arts at the the Resort Bel-Air and the Beverly Hills Lodging and also Bungalows in Los Angeles. Jack Shainman Exhibit was started in 1984 as well as currently exemplifies artists like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B.
Simpson. In January, the picture opened up a new 20,000-square-foot room in Tribeca. Friday’s suit did not particular the art work Jack Shainman Gallery had consigned to Hedges and his picture, noting simply that both were actually intended to offer these jobs to collection agencies.
According to the fit, Hedges as well as his picture “kept and utilized those funds for their personal purposes and perk.”. ” Hedges Projects is saddened to find out about the suit filed through Jack Shainman Gallery,” the picture pointed out in a claim. “Hedges Projects as well as Port Shainman Gallery possess possessed a prosperous service relationship given that 2018.
It is unfavorable that Port Shainman Gallery chose to file a claim while the parties are in the midst of organization settlements. Our company highly disagree along with the insurance claim, as well as planning to claim counterclaims of our personal, if required.”. A representative for Jack Shainman Gallery declined to comment.