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Investing In Art Is Becoming A Typical Investment Strategy For Couples

The old story about investing in art is being rewritten. Back in the early part of the 20th century, only wealthy folks had enough money to buy art. Those works of art weren’t considered liquid investments because fine art took years to appreciate. The art world didn’t have enough buyers, so the people that bought art were considered collectors that never sold their collection. In fact, most collections during that period were passed down to the next generation, and that generation kept the collection intact or they tried to sell it to collect part of their inheritance. The problem back then was people just didn’t have the money to buy art, and there were not many places to sell it, but all that has changed. More people have the disposable income to buy artwork and collect it, but they don’t collect it for the same reasons as their great-grandfather did. They collect art because they love it and maybe for profit.

Collecting art for profit is like any other investment, but it does have a twist attached to it. Collecting art is not the typical investment commodity, so it is not a liquid investment. In other words, banks don’t accept art collections as collateral unless those collections are extremely valuable. There is no doubt Steve Wynn could get a loan using his Picasso collection as collateral if he needed one, but the average art collector can forget securing a loan with art. But that fact is not keeping couples away from investing in art. People from all walks of like are buying art for the investment aspects of it as well as for the beauty attached to it.

Adam Sender is a well known part-time art collector.

Adam Sender decided to start collecting art when he was a hedge fund manager working for Steve Cohen. Cohen is a big-time art collector, and he helped Sender get started. Sender started his own hedge fund company and continued to collect art. Sender managed to collect more than 800 works of art over a 20 year period, and those works weren’t cheap. It wasn’t unusual for Sender to spend $100,000 or more on one work of art. When it came time for Sender to leave the hedge fund industry, he started collecting art full time. Sender and his wife decided to sell part of their collection in 2006, and that sale brought in $20 million. Then in 2014, Sender enlisted the services of Sotheby’s, and he sold another $70 million worth of his art. The amazing fact about Sender’s story is he still has more than 1,000 works of art in his collection. Adam Sender’s Whitepages profile.

Not everyone can be an Adam Sender and make that kind of money collecting art. But some art collectors have works of art that continue to appreciate in the art world, and there are plenty of places to sell them. It’s not the 20th century anymore. Everyone wants to own art, and most of them think they can sell a few pieces for a profit.

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