Aspen real estate. updated regularly.
Coldwell Banker Mason Morse Aspen broker agent and native, Tim Estin mba, gri, publishes The Estin Report and blog on Aspen real estate, a primary source for market and pricing information and a marketing platform for his listings. He is a leading Aspen agent and belongs to CB Previews International elite top 1% brokers worldwide for outstanding performance. Whether selling or buying Aspen property, please see what others say. For assistance, call 970.920.7387 or by email.
Scroll down for most recent postings and select market updates. The Estin Report blog on weekly Aspen Snowmass sales activity May 12 19, 2013 was posted on 5/20/13 with photos and details - there is no public access to this consistently delivered timely market information but it is exclusively available here. The Esrin Report: Q1 2013 State of Aspen Snowmass Real Estate was posted in Current Reports on April 20, 2013.
North Star Nature Preserve elevated view property for sale:
Stunning Aspen homesite next to a breathtaking landmark.
Red dot is homesite. Click map to enlarge.
"North Star Preserve is one of Colorado's last great places," says The Nature Conservancy: 3.4 acre parcel with older Main House and Cabin; 180 degree views of North Star Preserve, river and 310 acres of open space only 1.5 miles east of Aspen
Click link for details. Call Tim Estin 970.920.7387 to inquire.
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Search EstinAspen.com A resource. The Estin Report has been accumulating Aspen Snowmass real estate information online since 2005 - some annual and half-year Estin Reports include historical market information going back to 2003-2004. Search by MLS #, date, topic, address, condo complex, development name, etc.
The Art Market as Proxy for the Super Rich, NYT Mag
"Fine art is not really part of the overall global economy. Instead, it’s part of the economy of a small subset of the super-superrich, whom some economists call Ultra High Net Worth Individuals, or U.H.N.W.I.’s." And their economy, unlike ours, is booming.
A few weeks ago, when Edvard Munch’s iconic painting “The Scream” went for about $120 million and became the most expensive artwork ever sold at auction, it seemed like we had reached the climax of a fine-art bubble. After all, from 2003 to 2007, the fine-art market grew even faster than subprime housing. And then it kept on growing, pausing only momentarily during the crisis before hurtling even further upward. Eleven of the 20 highest prices ever paid at auction have occurred since 2008, when the global economy all but collapsed. Less than a week after the Munch auction, Mark Rothko’s “Orange, Red, Yellow” sold for nearly $87 million. Many economists say that art can’t be in a bubble because, frankly, it’s not much of an investment in the first place. Unlike stocks, an artwork’s price reflects numerous nonfinancial intangibles, like the pleasure of owning a painting or, perhaps more important, its ability to signal the owner’s vast wealth and erudition. ...Sergey Skaterschikov, who publishes an influential art-investment report, says that no painting bought for $30 million or more has ever been resold at a profit.
By Adam Davidson, May 31, 2012 NYT
Link to article
Sigmar Polke, "Supermarkets" (1976)