Auctions
A Hedge-Fund Manager Adam Sender’s $70 Million Art Collection Hits Sotheby’s
Sarah Cascone
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Hedge-fund manager and contemporary art collector Adam Sender will offer 400 works from his holdings at auction over the next 18 months, Bloomberg Businessweek reports. Sender recently shuttered his firm, Exis Capital Management Inc., founded in 1998, after the company was sued in short-selling scandal. He has also filed for divorce after 11 years of marriage.
The sales, which will be conduced at Sotheby’s beginning May 14, represent approximately half of Sender’s collection, amassed through the assistance of art adviser Todd Levin. In total, the artwork is expected to fetch in excess of $70 million, and will feature 139 artists, including Dan Flavin, Cindy Sherman, Richard Prince, and John Baldessari.
According to the New York Times, Sender will also donate some of his largest works, such as Vito Acconci’s Other Voices for a Second Slight (1974), a three-room audio-visual installation, to museums.
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