Art

Jack Shainman Picture Takes Legal Action Against Collector Jim Hedges for Almost $300,000

.Nyc's Port Shainman Gallery has filed suit enthusiast James R. Hedges IV, alleging that he owes nearly $300,000 for the sales of 19 art work that the gallery had committed to him.
The lawsuit, which was submitted in the Supreme Court of the Condition of New York City on Friday, professes that Hedges as well as his gallery, the Santa clam Monica-- based Hedges Projects, were actually consigned these works using statements gone out with in between June 2022 and also Might 2024. Hedges and also his gallery are implicated of owing $298,772.72.
Hedges has called himself "the best person for Warhol digital photography," declaring in his profile that he has the greatest exclusive assortment of pictures due to the Pop artist. He has actually curated series of Warhol's photos, including one in 2020 at Port Shainman Gallery contained before the start of the pandemic in New York. He likewise organized a marketing program of Warhol's craft along with Gagosian gallery in 2022.

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The child of a collector of self-taught musicians, Hedges centered full time on art starting in 2013, the year that he left the globe of financial investment financial, depending on to the Art Newspaper. Along with accumulating craft, he has actually served as a trustee to the Dia Craft Foundation as well as has actually been a client of the Gallery of Modern Craft in The Big Apple, the Aspen Craft Gallery in Colorado, and also the Tate gallery system in the UK. He is actually presently conservator for the crafts at the the Accommodation Bel-Air as well as the Beverly Hills Hotel and Bungalows in Los Angeles.
Port Shainman Exhibit was started in 1984 and also currently works with musicians including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B. Simpson. In January, the picture opened a brand-new 20,000-square-foot area in Tribeca.
Friday's suit did not detail the art work Jack Shainman Gallery had actually committed to Hedges as well as his picture, noting simply that the 2 were actually expected to market these jobs to enthusiasts. According to the match, Hedges and also his picture "always kept and also used those funds for their personal objectives and also benefit.".
" Hedges Projects is actually distressed to find out about the case filed by Jack Shainman Picture," the gallery stated in a declaration. "Hedges Projects and also Jack Shainman Gallery possess had a productive service relationship considering that 2018. It is actually unlucky that Jack Shainman Picture determined to file a claim while the parties are in the middle of business settlements. We firmly disagree along with the case, as well as strategy to insist counterclaims of our own, if essential.".
A representative for Jack Shainman Gallery dropped to comment.

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