Former hedge fund manager and art collector Adam Sender has been collecting art since 1988. At the age of 45, he has pieced together over 800 paintings by hundreds top contemporary artists. Today, he is planning to sell 400 pieces of these collections. Last year, Sender closed a huge hedge company that he founded, Exis Capital Management. His reason for closing the company is to get ample time to sell art.
Sender says he exclusively bought the pieces from artists who have had an extensive experience in the art industry. His collection features a number of past movements such as conceptual art and appropriation. With the help of Todd Levin, his art adviser, Sender worked very hard to find pieces that were intellectually stimulating and visually appealing and ultimately succeeded despite the common perception that doing so is an almost impossible endeavor. Due to Sender’s persistence and passion for art, he managed to find art pieces that perfectly fit the criteria. Also, the collection features pieces by renowned female artists thanks to the rapport that he has with the leading female artists including Jenny Holzer, Barbara Kruger, and Mickalane Thomas.
Sender planned to have a historic art exhibition in one of his houses in Miami Beach this year. He says he wants to use the event to show the public the collection, instead of hiding it, to create one of the best learning opportunities in the region. Sender, unlike other collectors, has actively been sharing his collection with the public. That sets him apart from the crowd. During the exhibition, Sender intends to feature pieces that were chosen by the curator Sarah Aibel that include arts from Chris Ofili, Rasid Johnson, and Richard Prince.
Adam Sender’s resolve to continue sharing the collection reveals his appreciation that the collection has turned into the incredible collection that it is today. When he started collecting art, he had no idea that the efforts would result in a collection that can be loaned or donated to museums. He has stated that he will donate some of the pieces. The avid art collector says he is proud of the collections. But he is also proud of what he bought. He intends to continue buying more pieces of contemporary art.
Sender owns an art piece worth one to three million dollars called Untitled #93 (1981) by Cindy Sherman. His career as a hedge manager enabled him to raise most of the money that helped him purchase the art. With profits from the trading desk, the passionate art collector was an early buyer of Contemporary Art. At the same time, Sender was an early mover when it came to selling, and now that he has closed his hedge fund he is prepared to liquidate his position in art as well.