Adam Sender may be the founder of the successful Exis Capital but he is known for his eye for art pieces that would yield great returns in the future, similar to his penchant for finding the right equity from his entrepreneur days. When he left SAC Capital Advisors for his separate hedge fund endeavour, he had no idea that his love for art would translate to such financial success after a couple of decades. Yet, with some foresight and a lot of planning, not to mention true passion for art, here he is today.
This is how most art collectors start their journey. It begins with a simple hobby of collecting a few pieces that catch your eye and soon grows into something so much more than that. Here are a few secrets of art collectors –
Finding Your Personal Style – Art collectors may not be artists but they know a lot about art. They know what appeals to them and what doesn’t. They have preferences when it comes to mediums, color combinations, styles and details. Their choices aren’t restricted to a specific artist either. When Adam Sender started collecting art, he made it a point to visit all the interesting art galleries, exhibitions and independent studios he could attend. This helped him discover his personal style.
Focused Collection – Some pieces are put together in a collection because when they are seen together, they seem to tell a story. It almost looks like the work was done in collaboration because all the individual pieces mesh together so well. Adam Sender’s collection, for instance, reveals a lot about him as a person because it generates a particular feeling of unity in the visitors and art connoisseurs. Thus, it is important to have a theme for every collection. One art collector can have different collections for different themes and moods.
Foresight – Adam Sender left SAG and soon afterwards, in 1990s, his collection started taking shape. He had no idea what it was be worth in the coming years but he still had the good foresight to go for pieces that instilled confidence in him. It is never about how famous the artist is right that moment. Collectors need to have a gut instinct about certain pieces and should be able to stand next to them with pride. Limited editions are a good place to begin. It is always advisable to have the pieces signed by the artist.
As artists discover more art, they might even choose to go in a different direction. In that case, the old pieces which don’t seem appealing anymore should be sold off to interested parties and collectors should move on. There is a lot of trial and error to the art of art collection in the beginning.