Monday, February 29, 2016

Koch Brother Cuts Price of Aspen Estate to $80 Million

 Bill Koch, a much less politically active billionaire Koch brother than his brothers Charles and David, appears to be liquidating assets.

In 2015, he sold several high-profile pieces of art, including, for $67.5 million, Pablo Picasso’s “The Nightclub Singer",  reports WSJ.

Now he wants to sell an Aspen, Colorado property so bad that he has cut the price from $100 million to $80 million.

Known as Elk Mountain Lodge, the eight-bedroom main house on the property measures roughly 15,000 square feet. With views of the surrounding mountains, it has two hot tubs, a dining room that seats about 20 people, temperature-controlled wine storage  and a media room that doubles as an altitude acclimation room.

It is not clear why he did not construct a separate altitude acclimation room.


1 comment:

  1. Don't get the last line about the altitude room. Altitude acclimation rooms are usually a bedroom or gym room (places where you spend many, many hours/day prepping the body for higher altitudes). Having a media room serve that purpose is not a bad idea either.