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aspen-colorado Aspen, Colorado’s prominent real estate firm Aspen Sotheby’s International Realty closed their doors to business on Feb 13th and have now been taken over by Morris and Fyrwald Real Estate.

This comes as a huge shock in the industry. With major player like Aspen Sotheby’s going bust people are starting to get worried. After the demise of Coates, Reid and Waldron, another big player that was acquired by Joshua & Co, was announced earlier this month, the Sotheby acquisition is proving to be the second major shake-up in the glittering resort town of Aspen, Colorado.