The Dallas home of art collectors Cindy and Howard Rachofsky remains available for sale, and for deep-pocked prospective buyers, there’s some good news: The property is now available at a discount. That’s also bad news for the Rachofskys, whose Richard Meier–designed home has been on the market for months now.
When the famed Rachofsky House first hit the market in October of last year, it was being sold for $23 million. But as the Dallas Business Journal noted this week, it’s now priced at $17.5 million. Despite being nearly 25 percent off from the original amount, that’s still a pretty hefty sum when you think about it. (To wit, that means you could buy last night’s record-breaking Alice Neel painting at Christie’s three times over, and the Rachofsky House would still be more expensive.)
The Rachofsky House was completed in 1996, and is located in Preston Hollow, a ritzy neighborhood that, as D Magazine has noted, is “home to many of the richest people in Dallas—and a certain former president of the United States,” none other than George W. Bush.
The Rachofskys, for their part, are mainstays on the annual ARTnews Top 200 Collectors list, appearing on it each edition since 2002. Pieces from their 800-work are on view in their home, as well as at the Warehouse, a Dallas art foundation that Howard shares with collector Thomas Hartland-Mackie, who himself appears on the Top 200 Collectors list alongside his wife Nasiba. The Rachofskys were previously known for hosting a gala in support of Two x Two, which supports AIDS- and art-focused initiatives in Dallas. They stopped hosting the event in 2024.
Their decision to sell their home shocked the Dallas art world, leading Katya Kazakina to remark last year in Artnet News that “an era is ending.” Indeed, the Rachofskys have periodically sold big-ticket works at auction, including a Lucio Fontana painting that they consigned in 2024 to Sotheby’s, where it was bought for $22 million. They had previously promised their collection to the Dallas Museum of Art, an institution they had a history of supporting.
Howard told Kazakina, “As you know, I am 81 years old, and so I’ve been trying to deal with estate planning while taking care of the museum, as we have always done, along the way.”
