What defines a great art collector is their wisdom to collect art. This is possible by effectively researching and evaluating a certain piece of art that interests you and the capability to select a particular piece of work with the intention of amassing it with other pieces to form a meaningful collection. Typical art collectors are good at purchasing art on a bit by bit basis but do not have a clear plan for making several acquisitions in the long run or building a collection. For Adam Sender, a prominent art collector who is making history in the art world had no idea that gathering some pieces of art would land him an opportunity to loan the combination to museum shows. He was blank on what his endeavors would grow to in the future.
The 45-year-old started art collecting in the late 1990s when he formed his hedge fund prior to working for Steve Cohen’s SAC Capital Advisors LP. He resorted to investing in art for it was the best security he had identified at the moment. His collection has increased over the years and does not only comprise of simple art but rich art that has stood out among millions of others. His secret behind this was buying what he was passionate about, authentic and the best workaround. Despite his love for an excellent piece of work, Sender disclosed that he was unable to purchase the very best of Warhols but has settled for masterpieces by Richard Prince for an estimated $100,000 or $150,000.
Respectable art collectors like Adam Sender are not afraid to express themselves even when it might bring negative results. He has well documented his fine art in the Sender Collection, and this has paid him off well in the markets for older art. The Sender’s contemporary art is currently on view at the Art Basel Miami Beach and more that 400 of his pieces of art are on auction estimated to be worth $70 million. Some years back, he loaned his art to the Guggenheim and the Los Angeles County Museum of Art marking it as a breakthrough in his endeavors since he started off not knowing that he could loan his art to institutions someday in the future. His collection comprises of the best artists who know exactly what art collectors are looking for and among them are Mike Kelley, Matthew Barney, Cindy Sherman, Barbara Kruger and Jenny Holzer. Sender has also had a toll of some artworks by upcoming artists like Diana Al-Hadid, Urs Fischer, Frank Benson and Jim Lambie.
Art collectors like Adam Sender who either do it for investing purposes or for fun love to hob-nob with the best art gallery that offers them priority on what is progressing in the art world. They in turn expect the artists to be elusive in a way that benefits their prominence status as collectors.