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20th Century Props-out of business
http://www.nytimes.com/2009/06/18/movies/18props.html
CLICK FOR A SLIDESHOW OF PROPS
http://www.nytimes.com/2009/06/18/movies/18props.html
CLICK FOR A SLIDESHOW OF PROPS
“See that chair way back there? Claudette Colbert sat in that in ‘Cleopatra,’ the 1934 version.”
Studios started gutting their prop departments in the 1990s to free space on their lots. Mr. Schwartz’s inventory — at last count 93,752 items, ranging from teacups to a life-size submarine — includes the former holdings of 20th Century Fox, for instance. Walt Disney and Paramount have also jettisoned their props divisions. (Sony, Universal and Warner Brothers are the holdouts, and they’re open to outside clients.)
Mr. Schwartz said annual revenue was off by 30 percent last year; so far this year the figure is closer to 50 percent. He said he has been seeking a way to keep the collection together — via an investor or a sale to another prop company — but has so far come up short
Great American Group will liquidate the company’s inventory during the last week of July. The holdings are insured for about $8 million, but the value of many of the props is difficult to pin down because of the premium that memorabilia collectors will likely pay for better-known items.