Adam Sender was not always such a prolific art collector. He found himself a successful hedge fund manager for Exis Capital, living the good life with multiple mansions, and a beautiful wife. Thats when a friend of his, Todd Levin, an established Art Advisor, got him started collecting contemporary pieces of artwork. Now he is addicted to finding that perfect piece to accentuate his office or one of his homes in Miami or New York.
Adam Sender earned a Bachelors degree in History from the University of Michigan. After he graduated from the University of Michigan he became a Portfolio Manager for a company named Point72 Asset Management, L.P. This is the company that was formerly known as SAC Capital Advisors LP, which is a group of hedge funds that was founded in 1992 by Stephen Cohen. Mr. Sender remained there, gaining experience until 1998. At that point, he broke away from Point72 Asset Management, LP, and founded Exis Capital. At the height of it’s 16 years in business, Exis Capital managed over $1 billion. Mr. Sender has served as Chief Executive Officer of Exis Capital until the company was disbanded in 2014.
It wasn’t until after he left Point72 Asset Management, LP, that he began amassing his exquisite collection of contemporary pieces. At the height of his collection, he had over 800 pieces from about 139 different artists. He has early pieces from the likes of Mike Kelley, Martin Kippenberger, Barbara Kruger, Charles Ray, and Urs Fischer, just to name a couple of the many artists that he has bought throughout the years. His philosophy is to buy an artist’s works while they are new, but not right out of art school, new. He buys the art a year or two into an artist’s career, and so far it has paid off in a big way. Starting in May of 2014, he partnered up with Sotheby’s, the world famous auction house, and they are selling about 400 of the contemporary pieces that he has collected. The auction house will auction off his pieces over about a year and a half. After it is all said and done, he is expected to net approximately $70 million. If it all goes as planned, that is. But even if it doesn’t, he has embraced the Buddhist philosophy that, “All things must pass.” (LinkedIn)