Paramount Theatre in Marshall is being sold - on Ebay

For years, the Paramount Theater has been one of the most historic fixtures in the town of Marshall.

Now, as KLTV 7's LaKecia Shockley shows us, the owner of the Paramount is hoping to cash in on the 1930's theater by auctioning it off on the popular website, Ebay.

Back in the 1930 on the screen of the famous Paramount theater, you too could see the flick Treasure Island for only ten cents.

Now, you buy the Paramount Theater on Ebay for a cool bid of $170,000.

"I've been a member on Ebay for ten years. I don't know if that's a good thing or not, but I've seen a lot of things for sale on there and I thought well...why not."

Sky Spencer bought the theater in the 1980's and over time turned the historic building into a recording studio.

"When I first walked in and heard the acoustic, I said uhmm...this has got to be good for choirs!"

Sky's recording business slowed down and hard times in the economy are forcing him to sell the theater on the internet, a decision he doesn't take lightly.

"I've kind of gotten attached to it, and that's why it's kind of a bittersweet thing."

For some east Texans, the theater and all of its historic fixtures bring back memories.

"My Saturday mornings were spent here at the Paramount Theater, in fact I saw the Wizard of Oz here but I saw it from the floor. I set in the floor because I thought the wicked witch was going to get me," laughed Geraldine Mauthe, the events coordinator for the Marshall Visitor's Bureau.

African-American historian Gail Beil says Wiley College great debater James Farmer used to watch films at theater from balcony when it was segregated.

"Jim always said that Professor Tolsons' inspiration and the humiliation of climbing that buzzard's roust were the thing that inspired him to form the Congress of Racial Equality," said Beil.

The folks of Marshall say the Paramount Theater is truly historic and whoever the buyer is will be very lucky.

Spencer warns buyers that the historic Paramount is need of some TLC.

The Theater needs restoration to bring it up to current building code as well as numerous repairs and resurfacing.

LaKecia Shockley, reporting.