The reality, though, is that these megamansions are still being built today by the super rich. Mansions that, in a contemporary context, are appalling in their over-the-top expenditures and are objects more of curiosity than of admiration. These mansions, like their Gilded Age predecessors, are monuments to conspicuous consumption. They are structures that force you to wonder whether anybody should ever be able to amass that much money. Who really needs 24-karat gold fixtures in the bathrooms? (Donald Trump, apparently).
Somehow, we seem more apt to remember the less-than-savory ways some of today's megarich have acquired the money to build such houses. Lavish home expenditures are often raised in corruption trials; newspapers reported that Enron exec Ken Lay's mansion cost $7 million, and today's charges against Senator Ted Stevens allege that he took bribes in the form $250,000 of work on his house.


Good history is not romantic. It's irresponsible to leave out the realities of these mansions in the tours given to throngs of admiring and uncritical tourists. I don't think tourists would enjoy the houses any less for getting a fuller story; if anything, the realities will sound awfully familiar.