Avid curio seekers have always flocked to Government auctions. Selling everything from Army canteens to abandoned lighthouses, the General Services Administration offered myriad bizarre bargains. Increasingly, however, the GSA has turned to fancy real estate brokering. Starting Oct. 22, the GSA will hold a series of auctions in Florida to dispose of prime property that once belonged to some of the state's most self-indulgent drug kingpins; estimated value: over $6 million.
The Government's glossy brochure offers 19 different sites. There is the high-tech Xanadu in Fort Lauderdale, with poolside bar and five bathrooms with French bidets. Other bidders may prefer...