Skip to comments.Annie Leibovitz, photographer of stars, faces ruin
Posted on 08/23/2009 9:09:22 AM PDT by OldCorps
Annie Leibovitz is as famous as the people she photographs but now the genius behind the lens is close to financial ruin -- a victim, some say, of her own relentless artistic ambition. Among the qualities making Leibovitz, 59, the most sought after portrait photographer in the world are legendary perfectionism and the pouring of resources into lavish sets. Over the course of her long career, nothing has been too extreme in Leibovitz's pursuit of the perfect picture. She put former action icon and current California Governor Arnold Schwarzenegger on top of a mountain, submerged black actress Whoopi Goldberg in a bath of milk and closed France's Versailles palace to shoot Kirsten Dunst posing as Marie-Antoinette. Circus animals, fire, airplanes -- she was rarely denied a requested prop, however seemingly outrageous.
A debt is due September 8 and if she can't pay up, she could lose her life's work. ACG, which specializes in making loans to owners of high value art works, is unlikely to adopt a soft line. Leibovitz must "comply with the sales agreement she signed authorizing Art Capital to sell the fine art and real estate assets and to pay the invoices that are due," ACG spokesman Montieth Illingworth said in a statement. The over-leveraged photographer not only risks losing her photo archives, which The New York Times estimates could be worth 50 million dollars, but also her house in the trendy Greenwich Village district of Manhattan and a second home outside the city. If she is forced to declare bankruptcy, it will then be up to the courts to decide how to distribute the assets. Banking giant Goldman Sachs entered the fray this week with a claim to own part of Leibovitz's debt. ACG disputes that, but says Goldman Sachs could ...
(Excerpt) Read more at breitbart.com ...
Amazing how the socialists value their own money but not ours.
If her work is worth that much then she should sell it and pay her debts.
Odds she voted for Obama: 79%
I’ve always heard, to be a great artist, one must suffer. So this sounds like it could really help her in the creativity department
Is this a reprint? I swear I read this same article several months ago.
Good for her.
Maybe she can live within her finances like the rest of us.
I have read things she has said before...
So take some more damn pictures and earn some more cash.
I have great difficulty conjuring up empathy for millionaires who cant manage their money.
She’s a leftist lesbian in the art/entertainment business and lives in Greenwich Village in NYC. Odds she voted for Obama are 100%.
Hell, she probably voted for him twice.
not just Jewish (79%) but also a lesbican
her vaguely committed lover Susan Sontag died recently and left her out completely so they say
throw in the fact she also lived in Manhattan
so Jewish, Lesbian and Manhattan dweller and artist...that pretty much means “progressivism” is in yer DNA
news article say she owes 24M
she ain’t broke she is just cash poor if she has 50M in assets
Odds she voted for Obama:
“Odds she voted for Obama: 79%”
No sense of proportion. Check.
No ability to handle money. Check.
No real ability to do anything useful save for letting those with money spend it on her. Check.
Yup, she’s a lib.
I believe she took a photo of herself voting for Obama.
Too bad, so sad. Let the Obamite beg for some stimulus money — maybe The One will help her out.
(the voter Obama voter who eventually concludes “what have we done?...”)
H/t to newbie “past_present”, funny video.
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