Adam Sender has been collecting contemporary art for the last 20 years. He has a knack for identifying new artists that have potential, so he will buy pieces during the beginning of their career and these works will increase in value as the artist evolves.
His decision to sell some of his collection comes on the heels of major life changes. He is closing his hedge-fund firm Exis Capital Management Inc. because of low performance. He is also getting a divorce from his wife, to whom he had been married for 11 years.
Adam Sender’s collection is expected to bring between 70 and 80 million dollars. Some of the 139 artists represented are John Baldessari, Dan Flavin, Keith Haring, Jenny Holzer, Martin Kippenberger, Barbara Kruger, Sarah Lucas, Wangechi Mutu, Richard Prince, Cindy Sherman and Mickalene Thomas.
One photograph by Cindy Sherman was a particularly good investment for Sender. “Untitled #93 (Black Sheets)” was bought by Sender in the late 1990s for around $100,000. It is now valued at between $2 million and $3 million.
Other works in the collection include John Baldessari’s “Commissioned Painting: A Painting by Edgar Transue,” which Sender purchased in 2001. It may bring between $2 million and $3 million. Sender also purchased Richard Prince’s “Untitled (Cowboy)” in 2001 and it may bring between $1 million and $1.5 million. Dan Flavin’s work “Alternate Diagonals of March 2, 1964 (to Don Judd)” could sell for between $1.5 million and $2.5 million.
Instead of keeping his art to himself, Adams Sender has been sharing his art by lending pieces to various exhibitions around the world. At this stage in his life, he has also decided to donate some of the larger works to a few museums.