.New york city's Port Shainman Picture has filed a claim against debt collector James R. Hedges IV, alleging that he is obligated to repay virtually $300,000 for the sales of 19 artworks that the picture had actually committed to him.
The claim, which was submitted in the High court of the State of New York City on Friday, claims that Hedges and also his gallery, the Santa Monica-- based Hedges Projects, were actually consigned these jobs using billings courted between June 2022 and also May 2024. Hedges and also his picture are actually charged of being obligated to pay $298,772.72.
Hedges has called himself "the go-to fella for Warhol photography," claiming in his profile that he has the biggest private compilation of photos due to the Stand out artist. He has actually curated shows of Warhol's photos, including one in 2020 at Port Shainman Picture accommodated before the beginning of the pandemic in New York. He also presented a marketing program of Warhol's fine art with Gagosian gallery in 2022.
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The kid of a debt collector of self-taught performers, Hedges centered permanent on fine art beginning in 2013, the year that he departed the globe of investment banking, depending on to the Craft Paper. In addition to picking up fine art, he has functioned as a trustee to the Dia Craft Base and also has actually been a customer of the Gallery of Modern Art in Nyc, the Aspen Fine Art Gallery in Colorado, and also the Tate museum system in the UK. He is currently conservator for the arts at the the Hotel Bel-Air as well as the Beverly Hillsides Resort as well as Bungalows in Los Angeles.
Port Shainman Exhibit was founded in 1984 and also currently stands for performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, as well as Rose B. Simpson. In January, the picture opened up a brand new 20,000-square-foot room in Tribeca.
Friday's lawsuit did not information the artworks Port Shainman Gallery had actually consigned to Hedges and also his picture, taking note simply that the two were actually intended to sell these works to enthusiasts. Depending on to the fit, Hedges and his gallery "kept as well as made use of those funds for their very own objectives and advantage.".
" Hedges Projects is actually saddened to learn about the legal action submitted through Port Shainman Gallery," the picture claimed in a statement. "Hedges Projects and also Port Shainman Picture possess had an effective company connection because 2018. It is actually regrettable that Port Shainman Picture chose to sue while the gatherings are in the middle of organization negotiations. Our team highly disagree with the claim, as well as program to declare counterclaims of our personal, if important.".
A rep for Port Shainman Gallery declined to comment.