( Tyler, Texas ) - The Oil Palace in Tyler is the most iconic entertainment venue in East Texas. Throughout its life on Highway 64 in Tyler, numerous big name artists and celebrities have entered its doors. There's even been some infamous events that have stuck with the venue through the years.

We learned in August that the venue was up for sale because the current owners were behind on a debt of $575,000. That debt was not repaid in time and the venue went up for auction. There is a new owner of the iconic venue but will we see improvements in aging building?

Sale of the Oil Palace in Tyler

The Oil Palace was up for auction on the steps of the Smith County Courthouse on Tuesday, October 7 ( KLTV ). So yes, you could have pulled some cash from under your mattress and made a bid to o

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