The Real Deal National

Art collector lists gallery-like home near Aspen for $17M, but most of the art must go

Nancy Magoon is the daughter of New York developer Jack Parker and a board member of the Aspen Art Museum
July 27, 2019 12:00PM

Nancy Magoon and her Aspen home (Credit: Getty Images, Douglas Elliman)

Nancy Magoon and her Aspen home (Credit: Getty Images, Douglas Elliman)

Avid art collector Nancy Magoon listed her three-story house near scenic Aspen, Colorado, for $16.9 million — sculpture garden not included.

Much of her art, from prehistoric pottery to postmodern installations, may be destined for museums or new owners.

But the view of the Elk Mountains from her Aspen-area home is “my best art,” Magoon, 78, told the Wall Street Journal.

The bulk of the art will be sold or given away as donations, she said. Her husband died last year, and part of the reason she wants to sell her Colorado house is to downsize.

Magoon has ample connections in the art world that will likely help her find new homes for the pieces. She is a board member of the Aspen Art Museum and honorary trustee of the Pérez Art Museum Miami.

She is also a daughter of New York real estate developer Jack Parker, whose family once owned the old Le Parker Meridien hotel in Midtown Manhattan.

Magoon has resided in the six-bedroom house in Starwood since 1984. She and her late husband substantially rebuilt the residence in the 1990s, adding space to display their art and entertain guests.

Dozens of competing Aspen-area properties are on the market, according to Douglas Elliman, which counted 73 listings priced from $10 million to $20 million.

So far this year, the highest price paid for a home in the Starwood area has been $11.4 million for a house with 14,500 square feet of space and a 2.26-acre lot. [Wall Street Journal]