Auctions: Stripped Bare

Stripped Bare

More than a thousand bargain hunters and curiosity seekers showed up under a bright orange-and-white tent 10 miles outside Reno last week to watch the ultimate strip show at the legendary Mustang Ranch. The Internal Revenue Service put the 330-acre establishment, Nevada's oldest legal bordello, on the auction block when its previous owners failed to pay $13 million in back taxes. Going, going, gone -- for $1.5 million -- was the 104-room hot-sheet palace itself (actually two pink stucco buildings with a guard tower). Also gaveled off, for about $500,000 more, were such appointments as couches, lamps, nude paintings and condoms.

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