Earlier this month, Holly Barker, owner of the Giant and the restaurant, said she was only auctioning off the Giant and its trademark rights.
The auction started Wednesday with an opening bid of $100,000.
The Joliet Area Historical Museum placed the winning bid at $275,000. The purchase was made possible through a grant from the Illinois Department of Commerce and Economic Opportunity.
Guided by the American Giants Museum in Atlanta, the Giant was carefully taken down, protected and transported offsite for temporary storage.
Earlier this year, the Wilmington City Council approved plans to reimagine the entrance to South Island Park, which sits directly along Route 66, adjacent to the city's historic downtown and along the Kankakee River National Water Trail.
So Glad to Get the Giant Out of There. --RoadGiant
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