Monday, May 20, 2013

Christie's Outsells Sotheby's in Post-War and Contemporary Art Sale - Highest Total in Auction History

POST-WAR AND CONTEMPORARY ART EVENING SALE ACHIEVES
US$495 MILLION, THE HIGHEST TOTAL IN AUCTION HISTORY

The auction set 16 new artist records with three works achieving above US$40M, nine above US$10M and 59 above US$1M

New York - On May 15, Christie's Post-War and Contemporary Art evening sale achieved a staggering US$495,021,500, with a remarkably strong sell-through rate of 94 percent by value and by lot. Bidders from around the world competed for an exceptional array of Abstract Expressionist, Pop and Contemporary works from some of the century's most inspiring and influential artists, including Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat. The sale featured a range of superlative works from distinguished private collections and institutions, such as the Collection of Celeste and Armand Bartos and the Estate of Andy Williams.

The sale established 16 new world auction records, selling nine works for over US$10 million, 23 for over $5 million and 59 for over US$1 million.  The Christie's sale smashed Sotheby’s sale of contemporary art on Tuesday night, which brought $293.6 million. 

"We are thrilled to announce an extraordinary total of $495 million for this evening's sale of Post-War and Contemporary Art - the highest total in auction history. The remarkable bidding and record prices set reflect a new era in the art market, wherein seasoned collectors and new bidders compete at the highest level within a global market. Our sale was heavily focused on masterpieces and collections, achieving an astonishing 16 record prices. With Monday's blockbuster charity sale, The 11th Hour Auction, our sales total exceeds a half a billion, raising $528.3 million," said Brett Gorvy, Chairman and International Head of Post-War and Contemporary Art. 

For more information on this or Telluride area real estate, please contact Telluride Real Estate Corp. at 970-728-6655, info@telluriderealestatecorp.com, or visit www.telluriderealestatecorp.com.

Wednesday, May 15, 2013

From The Telluride Watch: Producers Eye Telluride as Location for New Television Drama Series

Producers Eye Telluride as Location for New Television Drama Series
by Samantha Wright
May 14, 2013 | 2510 views
 
County Commissioner Meeting on Wednesday Could Seal the Deal
TELLURIDE – A team of television producers and key players from the Colorado Film Commission converge on Telluride today to enter a round of last-minute negotiations with local officials regarding whether to film a proposed new television drama series for the Hallmark Channel in and around Telluride. 

The family-friendly original 1-hour drama series, titled When Calls the Heart, is a sort of Little House on the Prairie, set in a historic mining town. It follows the story of a wealthy young woman from “Back East” who moves to a frontier mining town to teach school and falls in love with a handsome lawman. 

The show is to be produced by Brian Bird, along with his partner, Michael Landon, Jr. (son of the famed producer of Little House on the Prairie), and Brad Krevoy (the producer of Dumb and Dumber which was also filmed in Colorado) through their joint venture, Frontier Productions.

The producers estimate they will spend about $8 million in Telluride this summer alone on six pilot episodes, with locals hired to do much of the set construction and even some of the acting. If the series extends an additional seven episodes in Season 1, it is estimated that approximately $17 million will be spent locally in San Miguel County and in Telluride in total on the production this year.  

Ultimately the show could provide up to a thousand new jobs to the area and inject $75 million into the local economy over the next five years, Bird said. 

State and local officials including Governor John Hickenlooper, State Film Commissioner Donald Zuckerman, Telluride Mayor Stu Fraser and Telluride Film Commission co-founder Tim Territo have all played key roles in wooing the series to Telluride.

The producers propose to build a film-set recreation of the Town of Telluride as it appeared in the early 1900s, on a “Super Fund” mining reclamation site owned by the Idarado Mining Company and controlled by San Miguel County.

The deal hinges on San Miguel County Commissioners giving their blessing to the concept. Bird and his colleagues seek a special-use permit or a temporary re-zoning of the Idarado parcel. The matter will be discussed at a County Commissioners meeting on Wednesday morning, May 15. 

“If we get the okay from the County Commissioners on Wednesday, the project may be a go,” said Territo, who has been working at a fever pitch for the past two weeks to pull the deal together. “There is so much riding on this, it makes me very nervous. I am not sleeping at night.”

As outlined in a proposal which has been widely distributed to local officials over the past several days, the construction of the film sets would take place between June 1 and July 22 for use in the eight-week production of six one-hour episodes of the series, starting around Aug. 1.  

The sets would be fabricated off-site and erected in sections on the Idarado tailings pile.  Following production during the first season of the show, and in succeeding seasons if the Hallmark Channel chooses to continue the show, producers would remove the sets and store them off-site. When the series concludes, the land would be returned to its current state under the supervision of approved environmental professionals.   

Hallmark has the right to renew the series for an additional four seasons of 13 episodes each. An estimated $75 million would go into the making of the series during that time.  The producers also estimate they will need to employ an estimated 100 weekly workers each season, plus an additional 250 workers and extras on as-needed basis.  

During the production cycles the production team would require logistics and services from local Telluride hotels, catering, restaurant, transportation and equipment rentals, and other services organizations.  

Territo and fellow Telluride Film Commission co-founders Ted Wilson and Thom Carnevale have worked for several years promoting Telluride as a location for film and television projects. The commission started as a means to diversify Telluride’s economy and promote the town when the housing market bottomed out. 

The income brought to Telluride by film and television projects is “good clean money,” Territo said. “It doesn’t involve selling real estate. People come and go, and the pictures last forever.”

Among the Telluride Film Commission’s recent achievements is a Coors beer commercial shot in downtown Telluride, which just started airing this week. But the proposed new Hallmark series represents a whole new pinnacle of achievement for the commission.  

“You can’t pay for that kind of advertising,” Territo said. “It’s as good an opportunity for Telluride as it gets. These opportunities only come by very rarely. I would hate to see it not happen.” 

Territo began wooing the project after a friend showed him a recent article about the proposed series in the Aspen Times; the article stated that both Aspen and Telluride were being considered as possible locations for the show. 

Territo, a professional film location scout, invited the show’s producers to Telluride and gave them a whirlwind tour. “They fell in love with it,” he said. “They really had a feeling they could shoot it here.” 

While spectacularly scenic, the location on the west end of town where the series producers want to build their film-set poses a unique challenge, given that it is the site of a massive mining reclamation project. However, officials from both the Idarado Mining Company and the Colorado Division of Reclamation, Mining and Safety (DRMS) have indicated that they are “on board” with the concept, Territo said. 

“The town is also way on board,” he added. Local incentives sweetening the deal to entice the project come here include generously discounted room rates at The Peaks.

The State Film Commission, meanwhile, has offered $1.5 million in additional incentives to convince the project’s producers to film the series in Colorado. At this point, if Telluride doesn’t get the show, it will go to Alberta, Canada, Territo said. 

New legislation passed by Colorado lawmakers last year offers much better incentives now for films and television projects  – up to 20 percent cash back if producers spend over $1 million in the state.

Colorado’s film incentives have gone up at a time when those offered by surrounding states such as New Mexico are going down.

The proposed Hallmark series, with its multi-million dollar budget, could stand to benefit significantly from the incentives.

The Colorado Film Commission “really wants to show everyone that the incentives are working,” Territo said. “They can play a huge role.”

For more information on this or Telluride area real estate, please contact Telluride Real Estate Corp. at 970-728-3111, info@telluriderealestatecorp.com or visit www.telluriderealestatecorp.com.

Saturday, May 11, 2013

From The Telluride Watch: South Fir Street Properties in Telluride to Be Developed

South Fir Street Properties Sold, Authentic Development Planned
by Gus Jarvis
May 09, 2013
‘We Intend to Make Telluride Even More Like Telluride.’
TELLURIDE – A purchase agreement was inked on Friday, May 3, that could lead to an “authentic” and “comprehensive” development of Telluride’s South Fir Street properties long held by the estate of Joseph Zoline, who founded the Telluride Ski Resort. 
In a partnership between Los Angeles- and Boulder-based Meriwether Companies and Lifton Zoline International, the two entities have reached an agreement to purchase all the South Fir Street properties held in the estate of Joe Zoline for future comprehensive development. These properties include everything on the west side of South Fir Street from Baked in Telluride and the Village Market to the historic roofless stone structure across Pacific Avenue, and the private parking lot adjacent to it. It also includes the small dirt parking lot on the east side of South Fir Street at its intersection with Pacific Ave. Broker Michael Ward of Telluride Sotheby’s International Realty represented Lifton Zoline International in the deal.
For longtime Telluride residents Pamela Lifton-Zoline and her husband John, who together own Lifton Zoline International, finding the partnership to develop these core properties has been a long time coming.
“For Telluride, this represents a tremendous opportunity to get a comprehensive and coherent plan for that area,” Pamela said. “One of the reasons this area is so critical is because it links the area between the gondola and the whole upper world of Mountain Village to main street and the center of town. It’s a critical artery.”
Meriwether Companies has a history of development in resort communities and currently has projects in Steamboat Springs, Colo., Big Sky, Mont., Kamas, Utah, Rancho Mirage, Calif., and the Lorian residential project in Mountain Village. The company is a real-estate private-equity, investment and development firm focused on luxury residential projects in resort communities. For Noah Hahn, one of Meriwether’s managing partners, the firm is interested in Telluride because of the authentic experience it provides.
“Telluride is the most authentic mountain experience probably in North America,” Hahn said. “That is what drew us to town. This is arguably the most iconic site in Telluride and we started maybe six months ago getting to know John and Pam to make sure it was the right fit.”
Both partners in the agreement said it’s too early in the process to discuss development details other than they plan for a comprehensive and cohesive mixed-use project that will be unique, authentic and will enhance the core of Telluride. 
“We have a long way to go,” Hahn said. “The idea that has resonated for us is really creating something authentic. We are enamored with Telluride and what it is today. We are not here to change it.”
One of the unique challenges to developing in this area is what to do with the historic Telluride Transfer Warehouse structure at the corner of South Fir and Pacific. While some developers may see these stone walls as an obstacle, Hahn sees it as an opportunity.
“Part of developing an authentic project is taking into consideration those structures that are historic. We know that structure needs to stay and be incorporated into the new development,” Hahn said. “It’s a challenge but it’s also an opportunity. We need to take advantage of those structures and incorporate them into the project. They will add to its authenticity.”
“We see it as a kind of wonderful seed element for what really interesting and handsome structures can be built there,” Pamela added.
Because the area is such a critical piece to Telluride’s downtown, the developers said they intend to work very closely with the Town of Telluride and the Telluride community to make sure that public benefit is properly represented. Both Pamela and John Lifton-Zoline believe the shared vision with Meriwether Companies will create a development that continues Joseph Zoline’s vision for Telluride.
“After many years of effort, John and I are delighted to have come to this moment,” Pamela said. “We feel it carries on my father’s legacy – strengthening the economy, deepening the culture, and adding to the vibrancy and diversity of our downtown neighborhood. We intend to make Telluride even more like Telluride.”

For more information on this or Telluride real estate, please contact Telluride Real Estate Corp. at 970-728-6655, info@telluriderealestatecorp.com or visit www.telluriderealestatecorp.com.


Monday, May 6, 2013

Telluride Blues & Brews Festival Announces 2013 Lineup

Headlining the festival this year are:  The Black Crowes, Jim James, Melissa Etheridge, Gary Clark Jr., Mickey Hart Band and John Hiatt. Rounding out the lineup are:  Anders Osborne, Otis Taylor Band, The New Mastersounds, Karl Denson's Tiny Universe, Allen Stone, ZZ Ward, Rebirth Brass Band, The Bright Light Social Hour, The Releatives and Selwyn Birchwood Band. This year's Telluride Blues and Brews Festival dates are:  September 13th-15th.

For more information on this or Telluride real estate, please contact Telluride Real Estate Corp. at 970-728-6655, info@telluriderealestatecorp.com, or visit www.telluriderealestatecorp.com

Sunday, May 5, 2013

From The Telluride Daily Planet: Telluride Ranked #1 Public School in Colorado

Telluride on top


THS ranked fourth-best in the state, No. 1 public school

By Heather Sackett
Associate Editor
Published: Friday, May 3, 2013 6:07 AM CDT
Telluride High School has recently been named the fourth best high school in the state, according to U.S. News rankings.

The annual rankings, which were released last week, also put Telluride as the best public school in Colorado. The top three — Peak to Peak Charter School in Lafayette, Ridgeview Classical Schools in Fort Collins and The Vanguard School in Colorado Springs — are all charter schools. Telluride came in at No. 158 in the nation.

“It’s quite a feather in our cap,” said Telluride R-1 School Board President Paul Reich. “It’s one data point, but it’s a good recognition of the hard work our faculty does, the support of the community and parents and the quality of our students.”

According to the U.S. News website, the national rankings were based on three steps. The first determined whether each school’s students performed better than the average student in the state. The second step determined whether the school’s least-advantaged students were performing better than average compared with similar students statewide. Schools were then judged on college readiness using Advanced Placement or International Baccalaureate test data.
 
Telluride also earned the distinction of being a Gold Medal school, which means it scored in the top 500 in the country for college readiness. Telluride scored a 65.8 in college readiness out of a possible 100. Seventy-four percent of students took AP tests and 63 percent passed. According to U.S. News, 50 percent of students were proficient on statewide math tests and 98 percent were proficient in reading.

Superintendent Kyle Schumacher said the district has seen more families moving here in recent years, something that can be attributed, in part, to the district’s growing reputation as a good school.

“I think it has something to say about this community as a whole,” Schumacher said. “It’s an opportunity to celebrate with our staff and our community that our schools are being recognized.”

The rankings are also good news for local realtors. President of the Telluride Association of Realtors Stewart Seeligson said brokers were delighted to hear about the most recent rankings. He said there are quite a few second homeowners who, after falling in love with Telluride, decide to make this their permanent home and enroll their kids in school.

“Surprisingly enough, people shopping for second homes often inquire about our public school,” Seeligson said. “They are always so pleased to hear how strong a tradition of excellence this school has had — even more now that we are ranked the No. 1 public school in Colorado.”

Reich, whose kids attend district schools, said the ranking is not just reflective of the hard work at the high school level. It’s the cumulative efforts of a quality elementary and middle school education programs. He said that although the rankings are good news, it’s important not to fall into the trap of complacency. The district should still strive to be better, he said.


“There’s always room for improvement,” Reich said. “It’s not to say we are a perfect district, but hopefully we will continue to move up in that rank.”
 
For more information on Telluride area real estate, please contact Telluride Real Estate Corp. at 970-728-3111, info@telluriderealestatecorp.com, or visit www.telluriderealestatecorp.com

Thursday, April 4, 2013

Community Members And Business Owners Launch The Telluride Region Chamber Of Commerce

Community Members And Business Owners Launch The Telluride Region Chamber Of Commerce

Published: Thursday, Apr. 4, 2013 - 5:44 am
/PRNewswire/ -- With the intent to assist and promote businesses large and small and foster a business culture based on ingenuity and collaboration, community members andbusiness owners have established the Telluride Region Chamber of Commerce. This non-profit organization will offer new and existing businesses tiered and individualized benefit plans to meet their needs in today's evolving economic landscape.
"We want to meet with business owners and together brainstorm ways in which the Chamber can play a vital role in their day-to-day business," said Chamber Co-founder and CEO Jim Riley. "With that as our starting point, we hope to make a more significant impact within the business community and on the local economy, and create a chamber that is relevant to our members."
Beginning in May the Chamber will offer membership tiers, ranging from $300 to $5,000 annually,  and the opportunity for potential members to schedule a meeting with Chamber staff to discuss their individual business needs.
"Each membership tier was created with the basic notion that business owners don't necessarily have the time to implement a customized chamber experience, but they still want to receive certain chamber benefits. And those benefits range from advocacy to online promotion to member-to-member discounts," said Riley.
Another benefit the Chamber will offer its members – and even non-members – is a place to work.
"We outfitted our main street office with a purpose in mind: a workplace geared towards those who are hungry for collaboration and inspiration," Chamber Co-founder Nichole Zangara said. "We are not only providing the space for individuals to work, but also offering an opportunity for business owners and entrepreneurs to meet other like-minded individuals."
In that same vein, the Chamber intends to act as a catalyst for new businesses, and work with local organizations and governments to identify, develop and implement innovative ways to strengthen the local economy. Moreover, with the assistance of its founding board members, the Chamber will focus on building a business network and creating lasting partnerships for the benefit of the community at large. The founding board members include former owner of the Llama and Chamber Co-founder Fletcher McCusker; Cosmopolitan Owner Chad Scothorn; ASAP Principal Todd Brown; Jagged Edge Owner Erik Dalton; Wells Fargo Mountain Village Branch President Chris Cox; Sotheby's International Realty Broker and Telluride Blues & Brews Festival Production Director Teddy Errico; Studio G Owner Ginger Medrick, and former Executive Director of the Denver Chamber of Commerce Joe Snell.
"We created a board with individuals who represent a cross-section of the Telluride and Mountain Village business community and who demonstrate daily their commitment to this destination," McCusker said.  "Aside from the board, when appropriate we will create committees made up of other Chamber members to tackle specific initiatives, programs and special interests. This will give the larger business community and our members an opportunity to participate at a deeper level and make those game-changing decisions."
For additional information about the Chamber or to become a member call 970.728.8920 or drop by the office located at 217B Colorado Avenue, between Azadi Rugs and Paragon Outdoor. A website with all chamber-related information will be accessible in the coming weeks atwww.tellurideregionchamber.com.

Read more here: http://www.sacbee.com/2013/04/04/5315953/community-members-and-business.html#storylink=cpy
For more information on Telluride area real estate, please contact Telluride Real Estate Corp. at 970.728.6655, info@telluriderealestatecorp.com, or visit www.telluriderealestatecorp.com

Sunday, March 31, 2013

Telluride's Joe Discoe Wins National Moguls Title

Joe Discoe wins moguls title

Updated: March 31, 2013, 1:23 AM ET
Associated Press
HEAVENLY, Calif. -- Joe Discoe won his third dual moguls title Saturday in the U.S. Freestyle Championships, and Sophia Schwartz took the women's event.
Discoe, from Telluride, Colo., threw a D-spin in his top air and a backflip on his bottom air in soft snow conditions.
"Pure strength was what got me through today," Discoe said. "It wasn't very pretty skiing, but I made it down -- just barely. There is some great competition here and to walk away with the win is something I'm definitely proud of."
Sho Kashima of South Lake Tahoe, Calif., was second, and Dylan Walczyk of Breckenridge, Colo., finished third.
Schwartz, from Sun Valley, Idaho, did a back full up top and a back lay in her bottom air.
"I've been to a few national championships before and I've never podiumed, so to have this win means a lot," Schwartz said. "It's the most fun event of the year and with such a stacked field it's something I'm proud of and something I've been working toward for a while now. I couldn't be happier."
Mikaela Mathews of Frisco, Colo., was second, and defending champion K.C. Oakley of Piedmont, Calif., settled for third after she lost control out of her top air and skied into Mathews' line.

Copyright 2013 by The Associated Press

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