.New york city's Port Shainman Picture has actually taken legal action against debt collector James R. Hedges IV, affirming that he is obligated to pay virtually $300,000 for the purchases of 19 arts pieces that the gallery had consigned to him.
The lawsuit, which was submitted in the High court of the State of The Big Apple on Friday, states that Hedges and also his picture, the Santa clam Monica-- based Hedges Projects, were committed these works using invoices gone out with in between June 2022 and Might 2024. Hedges and his picture are charged of being obligated to pay $298,772.72.
Hedges has actually called themself "the go-to fella for Warhol photography," asserting in his bio that he possesses the greatest exclusive compilation of pictures due to the Pop artist. He has actually curated shows of Warhol's pictures, including one in 2020 at Jack Shainman Picture contained before the beginning of the pandemic in New york city. He additionally organized a selling program of Warhol's craft along with Gagosian picture in 2022.
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The kid of an enthusiast of self-taught artists, Hedges concentrated full-time on craft starting in 2013, the year that he departed the planet of expenditure banking, depending on to the Fine art Newspaper. Aside from accumulating craft, he has actually acted as a trustee to the Dia Craft Structure and has actually been a patron of the Gallery of Modern Art in The Big Apple, the Aspen Fine Art Gallery in Colorado, and the Tate gallery system in the UK. He is currently curator for the arts at the the Lodging Bel-Air and also the Beverly Hillsides Hotels And Resort as well as Bungalows in Los Angeles.
Jack Shainman Exhibit was founded in 1984 and also currently exemplifies performers including 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 area in Tribeca.
Friday's lawsuit carried out certainly not particular the artworks Jack Shainman Gallery had actually committed to Hedges as well as his picture, noting just that the two were meant to sell these jobs to enthusiasts. Depending on to the fit, Hedges and also his picture "maintained and also used those funds for their own functions and also perk.".
" Hedges Projects is actually distressed to discover the claim submitted by Port Shainman Gallery," the gallery stated in a statement. "Hedges Projects and also Port Shainman Gallery possess possessed a successful company connection since 2018. It is unfavorable that Jack Shainman Gallery made a decision to file a claim while the events are in the middle of organization discussions. Our team firmly differ with the claim, and program to assert counterclaims of our very own, if needed.".
An agent for Port Shainman Gallery declined to comment.