Adam Sender’s Role in Art Collection

At 45 years of age, Adam Sender had earned a name as one of the leading art collectors in the world. Adam, a hedge fund Maverick, has collected over 1000 works of art from hundreds of collectors. The enormous amount of art he has collected can be attributed to the fact that he started collecting at a tender age. Adam dismisses sentiments that he is out to buy as many art pieces as he possibly could by saying that he collects art that he considers exceptional. To the avid collector, he does not chase art, but instead, pursues great works by artists that have had lasting careers.

Adam looked to collect art that was not only visually appealing, but also intellectually stimulating. He saw such quality in the works of artists like Cindy Sherman and Matthew Barney. He thought that Barney’s work invented a new language of art, and for the reason, he collected Barney’s work in depth. However, collecting Barney’s art in that depth was at the time considered to be adventurous. Adam also valued art by Cindy Sherman and amassed one of the finest Sherman Collections. Adam describes a controversial photograph of Cindy Sherman, known as the Black Sheets, as one of the most significant acquisitions he made in the late 1990’s.

In the year 2011, Adam was in the spotlight at the Art Basel Miami Beach. From one of his Miami homes, Adam and his wife, Lenore, held an exhibition dubbed “Home Alone”. Sarah Abiel, Sender Collections curator, oversaw the event that featured 70 works of art from the over 1000 pieces of art in Adam’s collection. Sarah chose to display works by significant artists like Cindy Sherman, Chris Ofili, and Richard Prince. In the event, Adam noted that a lot had changed since the 1990’s when he first started collecting art. He continued to note that certain art pieces that he would buy in the 1990’s for 100,000 US dollars were now valued at close to three million US dollars. A price he describes as unaffordable.

In the year 2014, Sender looked towards liquidating a portion of his collection. From May 2014 through to 2015, Adam unloaded 400 works by 139 artists in the Sender Collection. Sotheby’s handled the sale of Adam’s collection through an auction. It was estimated that the sale of Adam’s art collection would yield a profit of over 70 million US dollars. Some of his adorable works were also donated to several museums. One notable donation that Adam made was Vito Acconci’s “Other Voices for a Second Slight”. For him, selling his art would mark an end of a part in his life where he collected art. With the end of the chapter, he hopes another phase will begin.

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