Hollywood prop shop 20th Century Props is closing down after falling victim to the ailing economy and production moving out of California for locations with tax breaks and easier rules,  Reuters reports.

Harvey Schwartz has run the shop for 40 years and had grown it to become the second-largest prop house in the world.

20th Century will hold an auction of all its remaining merchandise, including props from films such as "Titanic" and TV shows "The X Files" and "Golden Girls," among others.

–Sergio Ibarra