He loves to test his predictive skills. They have been right on in his hedge fund management which rewarded him handsomely. The most thrilling experience Adam Sender feels is the pursuit of more fabulous art work to add to his large collection. The process of seeking out the new art of budding young artists who are just on the verge of a big break in the art world brings the same satisfaction to Adam Sender as executing the key moment sell tactic of his hedge fund management strategies.
There is a time to buy and a time to sell. For Adam Sender the times have converged for selling and closing a large chuck of his art collection and closing Exis Capital Management, respectively. He founded Exis Capital and finally in 2013 he found the need to liquidate it. So he must also liquidate the paintings that hung on many of those office walls and a few others in several of his other homes. Adam Sender has collected many pieces of art.
When the time was right, selling beautiful art works at Sotheby’s had to take place. The paintings to be auctioned took time to collect. Over two decades, they represent a large portion of his life as they did accumulate with very personal memories surrounding the finding and purchasing of each. It was a bitter sweet experience to live through. The sale of these 400 paintings by 139 young new artist sensations should garner over $70 million at the auction. These paintings will be sold over the upcoming year and a half. The sales started in the Spring of 2014.
The Sherman Photo purchased in 1998 called ‘Untitled #93’ has an estimated value of $2 to $3 million based on Sotheby’s. His John Baldessari painting called “Commissioned Painting: A Painting by Edgar Transue,” acquired in 2001 by Sender is also valued from $2 to $3 million. There is the Prince ‘Untitled (Cowboy)’ from another 2001 purchase by Sender that is now valued by Sotheby’s at $1 to $1.5 million. You can see Adam Sender’s Facebook here.
In his 2011 interview with Bloomberg News, Adam Sender gauged his choices based on affordability, even at his level of success, “It was not possible to afford the very best Warhols but you could buy a masterpiece by Richard Prince for $100,000 or $150,000.”
What is undeniable is the keen eye for future value that Adam Sender possesses. No matter what has happened in his recent past on the trading side of things, he has proven time and time again that he makes brilliant choices in artwork. From his early twenties to the young age of 45, he had gathered over 1000 paintings that went from thousands in value to millions for a many of the pieces. There is no doubt he will continue to make lucrative decisions that pay off even as he sells all of these by next year.