{"id":41265,"date":"2014-03-21T08:04:02","date_gmt":"2014-03-21T12:04:02","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=41265"},"modified":"2014-03-21T08:16:36","modified_gmt":"2014-03-21T12:16:36","slug":"exis-hedge-fund-manager-to-auction-off-his-art-collection","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2014\/exis-hedge-fund-manager-to-auction-off-his-art-collection.html","title":{"rendered":"Exis Hedge Fund Manager To Auction Off His Art Collection"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/03\/2013.6.24-Sell.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-41271 alignright\" alt=\"2013.6.24-Sell\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/03\/2013.6.24-Sell.jpg\" width=\"240\" height=\"240\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/03\/2013.6.24-Sell.jpg 400w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/03\/2013.6.24-Sell-150x150.jpg 150w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/03\/2013.6.24-Sell-300x300.jpg 300w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a>New York (HedgeCo.Net) &#8211; The former manager of the now shut down hedge fund Exis Capital Management is selling off around\u00a0400 pieces of artwork, Bloomberg reports. Sotheby\u2019s\u00a0will start selling the pieces in New York this summer. The auction house said the art is valued at approximately\u00a0$70 million.<\/p>\n<p>The hedge fund shut down after being sued in a short selling scandal.<\/p>\n<p>Adam Sender started his career at Steve Cohen&#8217;s SAC Capital before starting Exis in 1998. He graduated from the University of Michigan with a degree in history.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-03-21\/sender-to-sell-70-million-of-art-after-closing-exis-fund.html\" target=\"_blank\">Bloomberg reports<\/a>: Sherman\u2019s photo \u201cUntitled #93,\u201d which Sender bought in 1998, is estimated at $2 million to $3 million, according to Sotheby\u2019s. The color photograph from Sherman\u2019s series known as \u201cCenterfolds\u201d fetched $96,000 at Christie\u2019s in New York in 1998, according to the auction price database compiled by Artnet Worldwide Corp. John Baldessari\u2019s \u201cCommissioned Painting: A Painting by Edgar Transue,\u201d purchased in 2001, may bring $2 million to $3 million. Prince\u2019s \u201cUntitled (Cowboy),\u201d which was also acquired in 2001, is valued at $1 million to $1.5 million.&#8221;<\/p>\n<p>&#8220;I never could have envisioned the adventure I was embarking on, the passion and at times obsession I would come to have for collecting,&#8221; Sender said in a statement, according to Bloomberg. &#8220;I was trying to buy the very best work,&#8221; Sender said in a 2011 interview. &#8220;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.&#8221;<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; The former manager of the now shut down hedge fund Exis Capital Management is selling off around\u00a0400 pieces of artwork, Bloomberg reports. Sotheby\u2019s\u00a0will start selling the pieces in New York this summer. The auction house said [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,16044,3],"tags":[],"class_list":["post-41265","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=41265"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41265\/revisions"}],"predecessor-version":[{"id":41274,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41265\/revisions\/41274"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=41265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=41265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=41265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}