Adam Sender: The Savvy Investor With an Eye for Art
There are many people who consider themselves to be art collectors. Of these people, there are typically two different groups. One collects art that speaks to them, decorates their home and makes them happy on an emotional level. The other group considers art to be an investment. Their pieces are often chosen by others because of their lack of interest in the art world itself. They may display some of their more notable pieces, but will often store many more until it is time to sell.
Very few of these experts have the talent for investing, the money to invest and the skilled artistic eye to amass a holding of valuable pieces that turn a private collection into the envy of the art world. Adam Sender is one of those experts. Numerous voices in the art world have expressed admiration at the ability of this one man to repeatedly choose works that continue to be exceptional values.
What makes this collection all the more surprising is that the forty-something Sender is not the typical collector. As a hedge fund manager, his ability to spot value made him successful in the financial field and he has obviously been able to transfer that ability to the art world. He is unique because he is both types of collector in one; the savvy investor and the appreciator of talent.
Excitement over his collection has grown recently because of his decision to place 400 of his pieces up for sale. Sotheby’s auction house is handling these transactions, a process that will take approximately 18 months to complete. Art lovers of all types have been using this opportunity to view the diverse collection Sender has chosen to sell. Many of the artworks have been unseen for decades and are expected to fetch much more than their previous sale price.
Adam Sender began his collection in the late 1990s. He chose to carefully purchase only the pieces that he felt were shining examples created by already established artists. Unlike many other collectors, he did not choose to pick from one genre or one artist, making his collection uniquely eclectic.
The 400 pieces he has chosen to part with are not quite half of his complete collection, said to number at least 1,000 works. The sale pieces represent the skills of 139 artists and is expected to raise an astounding $70 million. Despite the impression the sale may be giving, Sender is not leaving the art collecting world. He continues to search for artists to invest in that he feels are on the cusp of success whose work he finds “intellectually stimulating”.