At Estates of the Fabulously Rich, Gilded Era Is Going, Going, Gone

Richard and Amanda Peacock spent five years building their dream home, a 10,000-square-foot, orange mansion overlooking the ocean here. They filled it with leopard-skin chairs, pinball machines, antique Coca-Cola signs and six sports cars. It had a room full of 100 hunting trophies — including a hyena and the head of an elephant — and an aviary out back housing eight rare parrots.
On a recent Saturday, they held a one-day auction to try to sell it all.
“Four million, do I hear four and a half?” shouted auctioneer Dean Kruse, as he took bids for the mansion. “Come on, people — the good Lord stopped making oceanfront property a long time ago.”