Contributions to the World of Art: Art Collectors
It is hard to imagine what I would do with a lot of money. Some people choose to collect cars. Some choose to travel extensively. Some even choose to use their money to make yet more money. Many people with wealth, however, choose to invest in art. This is a great investment for many reasons. For a person with a talent to see art or the potential in art, it can be a monetary investment with an excellent return. Art collectors also help to commission new works from artists. Many famous pieces of art would not be around today if they had not been commissioned by a collector. Art collectors also help put food on an artist’s table so that they can continue to make art.
For hedge fund manager Adam Sender, the choice to invest in art was obvious. In addition to being the founder of Exis Capital Management, Adam Sender owns one of the largest modern art collections in the world. And boy is it something.
Sender began collecting contemporary art in 1998. With the help of art advisor Todd Levin, Sender has managed to collect more than 800 works by at least 130 different artists. His collections consist of work by contemporary master minds such as Mike Kelley, Elizabeth Peyton, Dan Flavin, and Charles Ray among many.
Part of Sender’s talent, however, comes not from owning expensive art. Rather, Adam Sender has an eye for artists on the brink of something. Many works that he chose to purchase were from artists that were not all that well known at the time but have grown in popularity since. Many of the works he has collected were purchased for dollar amounts in the thousands and are now worth millions.
Sender has also been known for his appreciation of many women contemporary artists, and his collection reflects this. In a time when women artists are still generally commissioned for lower amounts of money than their male counterparts, Sender shows the error of this by taking many prominent contemporary female artists and presenting along side others for a cohesive look at the evolution of contemporary art throughout the last couple of decades.
For many of us, the ability to pick an expensive passion and run with it may be something that we never have the opportunity to indulge in. For many like Adam Sender, art has become an outlet for his creativity and passion. Art collectors like Adam Sender give unique commissioned pieces of art that may not otherwise exist. Additionally, they help artists to be able to continue to create great art. In this way, we can all enjoy art because of the work of art collectors like Adam Sender.