It is an understatement to say that Adam Sender has an eye for art. The 46 year old former hedge fund financier has a 1,000 piece art collection that he has accumulated since 1998. Now some of Adam Sender’s collection, will be auctioned at Sotheby’s.
Adam Sender finds great joy in his art collection, which is so vast that his several homes, which stretch from Bel Air to Sag Harbor to Miami, do not have room to display the art.
Feeling that art is to be enjoyed, Adam Sender loans art out to museums for temporary display in their collections. He has works on loan to the Metropolitan Museum of Art and the New Museum in New York City as well as the Palais de Tokyo in Paris. He used one of his Miami homes for a pop up art exhibit, “Home Alone” which displayed 85 of his pieces of contemporary art in a 5,000 square foot home during Miami’s Art Basel VIP viewing.
Art is a practical investment. In fact, 2014 was a record year for art investment and the art market. As trust fund babies age and become heirs to fortunes all over the world, institutions such as Citigroup teaches them methods for investing their fortunes, including investing in art works and the method of buying art. The training even included art auction skills for the young wealthy millennials.
Adam Sender has long had a knack for finding emerging artists. Once he discovers an artist, he often buys several works from that artist. The Home Alone exhibit included multiple works by Sarah Lucas, Cindy Sherman, Keith Haring and Chris Ofli. He also has several pieces by Richard Prince. Two of his favorite new emerging artists are Diana Al-Hadid and Rashid Johnson.
Adam Sender has always sold art as well. A few years back he sold a piece by Richard Prince, “Tender Nurse”, for $2.3 million. Adam Sender uses the money generated from the sale of his art to purchase new art. Collecting art is a long term process and, for Adam Sender, it is a life passion.