Mexico Is Putting Luxury Cars, Condos, And Land Seized From Real Life Narcos Up For Auction, Here’s What You Could Buy
Giant estates with swimming pools and escape tunnels, a ranch surrounded by acres of land, and a chic luxury apartment with a terrifying history were among the 27 properties Mexico had seized from drug traffickers and others auctioned on Sunday.
The government is seizing property and selling it at auction.
The apartments auctioned on Sunday include one of a cartel leader who was killed there and disposed of by his brothers.
The government is also selling off land. The cheapest is a lot in Culiacán, Sinaloa, priced at about $11,200 USD, while the most expensive is the Rancho Los Tres García in Naucalpan, México state, priced at over $1.6 million USD. It was confiscated from convicted drug trafficker Carlos Montemayor, father-in-law of Edgar “La Barbie” Valdez Villarreal, after he was arrested in 2010.
According to Mexican media, the auction raised $56.6 million pesos (or about $3 million USD) of the 167m pesos predicted.
The Mexican President pledged that all the money raised from the auctions would go to benefit impoverished communities.
According to Lopez-Obrador (AMLO), the proceeds from the auction of properties and land, which had been seized by previous governments, would go to aid marginalized communities in the poor and violent state of Guerrero.
“Buyers will know that in addition to acquiring a good deal, they will also be doing good, that is, they will be helping those who need support because of the situation of poverty and marginalization they suffer,” AMLO said Friday.
In one of his first acts in office, Lopez Obrador enforced an austerity plan.
AMLO sold government-owned vehicles and even planned on selling the president’s brand new Boeing 787 jetliner. He also dismissed the Presidential Guard, which is tasked with protecting the president, and declined to move into Los Pinos – Mexico’s version of the White House – and instead lives in his private home.
In a similar auction at the end of May, Mexican authorities raised $1.5 million from the sales of 82 vehicles, including a Lamborghini and other assets seized from criminals and at least one former politician.
The late-May auction saw 800 bidders, with the money raised going to two poor communities in the southern state of Oaxaca to improve roads and schools. Seventeen black, bulletproof Chevrolet Suburbans were also up for auction but it was the muscle cars and vintage VWs that got all the attention.
Reactions on Twitter were pretty mixed.
A pretty common sentiment across Twitter was that people just wouldn’t feel safe moving into a home that had been seized from a former drug lord. I mean just think of all the risk that carries with it. Like that drug lord still has connections, still has friends – there are still people that are aware of its history. Maybe they’d show up wanting to take it for themselves at some point.
But everyone agreed that giving the proceeds of the auction to help the poor was the right move.
Especially since the communities that will benefit from these proceeds are in violence plagued Guerrero state – a state that has suffered greatly because of the Drug War.