“The final offer did not reach the reserve on the building,” President of News Publishing Company Burgett Mooney said.
The auction started out at $500,000, but no one in the crowd made a bid. The first offering that came from the crowd was $150,000, and then it was a slow climb from there. The final price made on the building was $265,000, and because it did not match the reserve on the building, there was no sale. The Calhoun Times will remain in the building, and will not be moving.