Fred Sands

"The moral history, heavily tinted with gossip, can also be found on the private homepage of Fred Sands, one of the biggest real estate tycoons in California. He sits on the board of MOCA, with an annual fee of 750,000 dollars or 1,275,000 dollars if one pays for two years in advance. Nicolas Berggruen has known Fred Sands since he was 22 years old. In Philadelphia, he began his professional career in 1982 at Bass Enterprises. His father got him the job, to whom the three Texas oil brothers Lee, Ed, and Sid Bass introduced themselves as clients at the Carlyle in New York. They also bought. However, they were less interested in whether it was a Klee or a Chagall; for them, the exchange value was decisive, that is, whether the investment would be lucrative for the future. During the sales conversation, it is said that Berggruen senior casually mentioned that he not only had Picasso, Cézanne, Braque, Kandinsky in stock but also a son named Nicolas. In this way, he advertised Nicolas Berggruen, who had just completed his studies in New York. The Bass brothers took the newcomer under their wing. Thus, Heinz Berggruen paved the way for his junior's life. At least that's what the legend says."

"The Bass brothers pumped their oil billions mostly into real estate, preferring California, with Nicolas Berggruen allowed to watch how it's done. Dallas is everywhere in America, Fred Sands is the "J.R." of Los Angeles. At the beginning of the 1980s, he founded Vintage Real Estate and Vintage Fund Management. He is considered a pioneer of the "locusts," referred to as movers and shakers in the USA. As such, Sands ranks among the top 13. He bought marauding firms, factories, office complexes, shopping malls like others buy rolls at the bakery."