Iconic Hollywood bar announced earlier this year that it would be shutting down in December to make way for a new tenant who's offered to pay the landlord twice as much. The bar has been around for 32 years, and will officially close on December 15.

In preparation for their final days, the establishment is selling off all of its wares from cutlery to chairs and dining room accouterment.

According to Eater, there's speculation on who the next tenant will be, though nothing has been confirmed as of yet.

Cat & Fiddle folks maintain that it’s going to be a large national chain (Cheesecake Factory, anyone?), while other whispers point to something less sinister but equally shocking: a West Coast outpost of an exceedingly popular New York institution like The Spotted Pig.

And while we'd love to sample April Bloomfield's ridiculously delicious thrice-cooked fries and lamb burgers on a Sunday afternoon, it's still sad to see this local institution shutter.

You can find out more about their closing party on December 15 by following them on Facebook, as well as their move-out sale, which will take place on December 16-23. Perhaps you can come up on some decor for your holiday parties in light of this sad shutter?