.New York's Port Shainman Gallery has taken legal action against collector James R. Hedges IV, alleging that he owes almost $300,000 for the sales of 19 artworks that the gallery had consigned to him.
The case, which was actually submitted in the High court of the State of The Big Apple on Friday, professes that Hedges and his picture, the Santa Monica-- located Hedges Projects, were actually consigned these works by means of invoices dated in between June 2022 and Might 2024. Hedges as well as his picture are charged of being obligated to pay $298,772.72.
Hedges has called themself "the go-to man for Warhol photography," declaring in his biography that he possesses the greatest personal selection of photographs by the Pop performer. He has actually curated series of Warhol's pictures, featuring one in 2020 at Port Shainman Gallery accommodated before the onset of the pandemic in New York. He additionally staged a marketing show 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 permanent on craft starting in 2013, the year that he left the planet of assets financial, depending on to the Craft Newspaper. Along with picking up art, he has served as a fiduciary to the Dia Art Base and has actually been actually a customer of the Gallery of Modern Art in New York, the Aspen Fine Art Museum in Colorado, as well as the Tate museum network in the UK. He is presently curator for the arts at the the Accommodation Bel-Air and also the Beverly Hills Lodging as well as Bungalows in Los Angeles.
Port Shainman Showroom was started in 1984 and also currently stands for artists such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Flower B. Simpson. In January, the gallery opened up a new 20,000-square-foot space in Tribeca.
Friday's claim did certainly not detail the artworks Port Shainman Picture had actually consigned to Hedges and also his picture, keeping in mind just that the 2 were intended to market these works to debt collectors. According to the suit, Hedges and his gallery "maintained as well as made use of those funds for their own reasons as well as benefit.".
" Hedges Projects is saddened to find out about the legal action filed by Port Shainman Picture," the gallery stated in a statement. "Hedges Projects and Port Shainman Picture possess possessed a productive business connection considering that 2018. It is actually unfavorable that Port Shainman Gallery made a decision to sue while the events reside in the midst of business arrangements. Our company strongly differ along with the insurance claim, and also strategy to assert counterclaims of our personal, if essential.".
A rep for Port Shainman Gallery dropped to comment.