Pursuits
Sender to Sell $70 Million of Art After Shutting Hedge Fund
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Adam Sender, one of the first hedge-fund managers to get serious about contemporary art, is putting much of his collection on the auction block after shutting his firm Exis Capital Management Inc.
About 400 works by 139 artists, including pieces by Cindy Sherman, Richard Prince and Dan Flavin, will be offered over the course of 18 months, according to Sotheby’s, which will start selling the pieces in May in New York. The collection is likely to bring in more than $70 million, the auction house said yesterday in an e-mailed statement.