Coshocton historical past up for sale with Novelty Advertising auction

  • Kaufman Realty and Auctions is conducting an auction of assets and products from Novelty Marketing at 10 a.m. Nov. 19.
  • A preview of objects for sale will be from 4 to 6 p.m. Nov. 9 at the assets, 1148 Walnut St.
  • The sale will go toward $1.18 million in personal debt the firm has with Residence Personal loan Price savings Lender, like defaulted financial loans.
  • In May well, Novelty President Greg Coffman was indicted on prices relating to diverting the staff members share of insurance policies payments.

COSHOCTON — A landmark Coshocton business enterprise related to the city’s roots as the birthplace of companies branded promoting will have its belongings auctioned off. 

Pat Kaufman of Kaufman Realty and Auctions claimed he’s obtained a large amount of fascination for a prepared auction at 10 am. Nov. 19, at Novelty Promoting, 1148 Walnut St. A preview of the 2.17 acre property and products will be from 4 to 6 p.m. Nov. 9.

Kaufman reported an auction like this is tough to decide, but he’s estimating between 200 to 300 people today attending, and $50,000 to $100,000 created.

“I have been performing this for about 15 yrs and it will take a whole lot to overwhelm me,” Kaufman reported. “As considerably as the amount of money of products we are heading to be marketing in a day, I wouldn’t say it really is the most significant I have finished, but it really is defintely in the top 10.” 

Novelty Promoting was established in 1895 as a printer of calendars and company of specialty promotion objects. In January 2020, it was declared that many properties owned by Novelty Promotion have been being offered to pay out debts of a lot more than $1.18 million to House Bank loan Personal savings Financial institution, such as defaulted loans. 

An old scoreboard and control are part of the items up for sale during an auction of assets of Novelty Advertising.

In May possibly, Novelty Promotion President Greg Coffman was indicted on one particular depend of theft, a fifth-diploma felony, and two counts of failure to present discover of failure to make expected high quality payment or contribution, fourth-degree felonies. The costs relate to Coffman diverting the worker share of insurance policies payments. A improve of plea listening to scheduled for Dec. 16 in Coshocton County Widespread Pleas Court docket has been ongoing with a new date to be set.