Who wouldn’t want an original Degas or Michelangelo gracing a wall in his or her home? Now, think about how cool it would be to be able to purchase both and then another fantastic art piece, and another, and another. What if you could both access and own tons of fabulous artistic renderings, masterpieces that you procure? Then you might be an art collector.
Adam Sender obtained the money for his many art purchases from earnings from his success with hedge funds began his collecting of contemporary pieces in the 1990s. Over the course of the past year, a portion of his collection has been unveiled at Sothebys. His original purchases have greatly increased in value. He has stated that he likes to collect “emerging artists” because he is confident that he can spot great pieces which will yield both aesthetic enjoyment and monetary value as time goes on.
He and his wife, Lenore, have enjoyed the collecting, and it has been said that they would love to keep putting collections of art together to have “pop-up” exhibits. The joy appears to be in both the sensing what will become valuable but is already artistically pleasing, plus what will increase in value, and what will make a good collection for the enjoyment of not only Sender but those who can then view what he has compiled and exhibits. Sender has said that he finds the whole thing to be “fun.”
The Sotheby sales of Sender’s collection which is in their hands for liquidation have been estimated to glean $70 million. This collection of works involves 400 pieces by 139 artists, and the variety yet cohesive nature of the works is astounding.
The liquidation helps Sender, and the art gets to be disseminated to other collectors and appreciators of the works. Plus, Sender has already more than made up for what he paid for the works originally, and the $70 is artistic gravy so to speak.
What makes a collection exciting? That, like most art interpretation, is in the eye of the beholder. Sometimes, it is the thrill of the find; the rarer or more unique a piece the better. Sometimes it is the way that the composition or colors or subject matter speak to the collector. At other points, it is merely a business venture with an eye toward what will bring in financial gain in the long term. It can also be about a tone or feel that someone is trying to create through an artistic compilation of coordinating and in some way connected or associated pieces. Sender appears to have an eye for the art itself, the financial benefit, and how pieces will work together in a collection.