20th Century Props has decided to close its business. After 40 years, the owner states that he can no longer make a profit. According to the Los Angeles Times, the company will hold an auction sometime in late July to sell off the remaining props.

The prop shop, which supplied the chandeliers in the blockbuster “Titanic” and futuristic furniture in “Transformers: Revenge of the Fallen,” has been a fixture for two decades. It operates out of a 118,000-square-foot warehouse near Lankershim Boulevard.

Moulin Rouge Props

Moulin Rouge Props

20th Century Props also supplied items to the television show Ugly Betty, but that production moved to New York this year.

Due to the recession, fewer feature films are being produced and budgets are tighter. Many businesses are still trying to recover from the writer’s strike last year and a dispute between the actors union and the studios.