Man with an Eye for Good Art: Adam Sender

Adam Sender is a man who has combined finance and art in a fashion way. Before starting his own hedge fund company by the name Exis Capital, he worked at Steve Cohen’s SAC Capital Advisors LP. This happened the same time he started collecting his artwork. Back then, the artwork was fairly priced, but over the years, the prices have greatly increased. Adam Sender also had an eye for the most promising equities as well as art. His collection grew over the years and some of the artwork he collected was on display in his Exis office; a florescent Dan Flavin hanged on one corner and the John Currin hang from a conference room.

Some of the artwork was also hang on his trading room, case in example, Ed Ruscha’s “Let’s Be Realistic”. In the hallway, Kara Walker’s Mural was on full display and Thomas Ruff’s blurry photograph of a woman in lingerie holding a leash on a man’s neck, and submitting to her will. Adam Sender, who was seen as a man obsessed with collecting artwork, went to the extent of building an extra house and adding more rooms to his current one so that he could find more room to hang his collection. These rooms were designated as galleries.

During one of the Art Basel Miami Beach, Adam Sender and his wife Lenore decided to hold an exhibition of their artwork. The exhibition was held in one of their houses that lied dormant in the real estate market becuase they were not looking into selling it right away. Sarah Aibel, Sender’s collection curator, organized the event that would put on display only 70 pieces from over a 1000 collections. The artwork displayed would have totaled about $100 million. It was easy to see why Aibel had chosen to display the works by Richard Prince, Chris Ofili, Cindy Sherman, and Frank Benson.

Adam Sender exercised caution and this is why he chose not to buy artwork from individuals still in school or just a year in their career. He chose to wait until they were a couple of years in their careers. This was not his only qualifying mark, but also, the artwork had to be intellectually stimulating as well as visually appealing. The well-known collector decided to unload 400 pieces by 139 artists from his collection in 2014. The artwork totaled to $70 million. Some of the work sold included Sherman’s Untitled #93 that is estimated to be between $ 2 million and $ 3 million whereas Prince’s “Untitled (Cowboy)” was approximately $1 million.

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