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Power 100
Charles Schwab made his billions as Adam Sender is one of those new
founder of one of the world’s most kids on the block – that is, the
successful brokerage firms: Charles hedge fund billionaires – when it
Schwab and Company Inc. In terms comes to investing in a collection
of spending power in the auction of contemporary art. Although
room he is one of the big boys, up only in his late thirties, the Sender
there with Pinault and Saatchi, and Collection was created in 1998 with a
like them, he is certainly a major- focus on minimalist and conceptual
league collector. But these days it work from the 1960s onwards. Artists
takes more than a few billion and whose work features in his collection
a collection to be truly powerful include names as disparate as Vito
and neither he nor his art has the Acconci, John Baldessari, Thomas
artworld high profile of his billionaire Hirschhorn, Richard Prince, Sarah
peers. Which is not to say he’s in it Lucas, Kara Walker and Pipilotti
solely for the investment potential. Rist. It is largely thanks to the
He may not have invested in a flashy interest of people like Sender that
space in his own name to show off prices in the contemporary market
his purchases for all to see, but have soared. Indeed Sender sold
this year Schwab was announced some of his collection at Phillips de
Chair of the Board of Trustees at Pury last year, against a reportedly
SFMOMA, following a committed hefty guarantee. Though there is
involvement of more than 20 years much speculation as to what will
65
with the museum, which has included happen to the hedge-fund buck if
chairing fundraising campaigns. the art market dips, Sender’s interest
precedes that of many of his peers.
He is certainly seen as one of the
most switched on in his field, and 66
has said he will be buying art for
years to come. At least that’s what
we hope.
Charles Schwab Adam Sender
Category: Collector Category: Collector
Nationality: American Nationality: American
Last Year: New Last Year: New
The word ‘industrialist’ evokes Artist and architect Ai Weiwei is the
67
images of horse-drawn carriages, undeniable star of the Chinese art
tartan waistcoats, well brought up scene, an accolade supported by a
daughters and extensive, impressive romantic and media-friendly back
art collections. Like his forerunners story. The son of poet Ai Qing, who
68
Henry Clay Frick and William Wilson was imprisoned during the Cultural
Corcoran, both of whom opened Revolution for Western avant-garde
their private collections to the public, sensibilities, Ai left China for the
Mitchell Rales
the billionaire industrialist Mitchell US in the 1970s, returning in 1993.
Ai Weiwei
Category: Collector Rales, DC’s biggest contemporary Since then he has been instrumental Category: Artist
Nationality: American art collector and, together with to the building of an art scene in Nationality: Chinese
Last Year: New his brother, head of Fortune 500 Beijing. His works question the value Last Year: 71
company Danaher Corp. – has placed on artefacts (though his own
opened the semi-private Glenstone work doesn’t come cheap – Slanted
Museum in Potomac, Maryland, a Table, 1997, was estimated to fetch
suburb outside Washington. Housed between £30,000 and £40,000 at
in a Gwathmey Siegel building, a recent Phillips sale), and previous
Glenstone shows Rales’s collection works have seen him tampering
of mostly mid-century works, from with Han Dynasty vases and other
such masters as Mark Rothko, such treasures. His standing in the
Willem de Kooning, Ellsworth Kelly international art scene is strong:
and Jackson Pollock. Rales is said shown at this year’s Documenta
to be a generous and committed 12, Fairytale was an ambitious
collector, and he has long been a performance-cum-experiential
major donor to the National Gallery piece in which 1,001 Chinese people
of Art in Washington, DC, where he were transported to Kassel for the
is also a trustee. An important player duration of the show. He is currently
66)
in the smaller DC arts scene, the working with Swiss architects Herzog
ullan (
cM final destination of his holdings is & de Meuron as a design consultant
still a matter of some speculation. on the National Stadium for the
atrick M
2008 Beijing Olympics
photo: P
147 Artreview
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