Sender's contemporary art collection to auction for $70m



2015-06-26 13:40:02

Sender's contemporary art collection to auction for $70m

Investor Adam Sender's contemporary art collection should net him big bucks when it sells this year

AdamSender, manager of hedge fund Exis Capital Management, is poised to make up to $70m through the sale of his contemporary art collection.

Around 400 works, including pieces by Richard Prince and Cindy Sherman, are due to auction through Sotheby's in the coming months.

Cindy Sherman Untitled Sender Cindy Sherman's Untitled 93 is among the highlights of Sender's collection

Sender told Bloomberg in 2011: "I was trying to buy the very best work. It was not possible to afford the very best Warhols but you could buy a masterpiece by Richard Prince for $100,000 or $150,000."

He acquired the collection between 1998 and 2008, slowly building an impressive portfolio that rose considerably in value throughout the early 2000s.

Sender told Bloomberg in 2007 that he'd spent around $25m which he recouped through the sale of 40 works. "Who makes that kind of money in the stock market? In the hedge-fund business these days, you're having a great year if you make 20 percent," he said.

Sender is far from the first serious investor to see the benefit of diversifying his portfolio into the collectibles market - Bill Gross' legendary stamp collection has been producing impressive results at auction for years.

Sender worked with art expert Todd Levin to accumulate his collection, highlighting the benefit of expert advice when collecting.

Here at Paul Fraser Collectibles we have a range of investment portfolios available that offer both strong potential growth along with the excitement of owning a genuine piece of history.

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