In Aspen, Art Fairs Share the Stage With Private Jets and $62.5M Real Estate

Aspen, the Colorado mountain resort, is in the middle of its art fair season. As Artnet News reports, the town counts only about 7,000 permanent residents — yet a striking share of them are collectors, and they are buying.

Art is not the only asset on offer. Alongside the priciest works on fair walls, visitors can survey other trophy purchases: private jets and luxury property, including one house listed at $62.5 million.

That density of wealth in a small footprint explains Aspen's enduring appeal for galleries and dealers, who can meet in a few summer days a clientele they would otherwise chase across continents. The town reflects a broader shift in the art trade: seasonal fairs increasingly set up where collectors take their holidays, rather than only in established cultural capitals.

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Written by the ADM desk based on artnet News. Read the original article for the full story.