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Annie Leibovitz, photographer of stars, faces ruin
Breitbart ^ | August 23, 2009 | unk

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 ...


TOPICS: Culture/Society; News/Current Events
KEYWORDS: art; celebrity; clueless; hippie; leftists; millionaires
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LOL,these people take themselves seriously.
1 posted on 08/23/2009 9:09:23 AM PDT by OldCorps
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To: OldCorps

Amazing how the socialists value their own money but not ours.


2 posted on 08/23/2009 9:10:31 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: OldCorps

If her work is worth that much then she should sell it and pay her debts.


3 posted on 08/23/2009 9:11:15 AM PDT by linn37 ( "The problem with socialism is that you eventually run out of other peoples money.)
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To: OldCorps

Odds she voted for Obama: 79%


4 posted on 08/23/2009 9:12:19 AM PDT by Cringing Negativism Network (PALIN / HANNITY 2012.)
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To: OldCorps

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


5 posted on 08/23/2009 9:12:47 AM PDT by Krankor
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To: OldCorps

Is this a reprint? I swear I read this same article several months ago.


6 posted on 08/23/2009 9:13:06 AM PDT by DManA
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To: OldCorps

Good for her.
Maybe she can live within her finances like the rest of us.


7 posted on 08/23/2009 9:13:23 AM PDT by ▀udda▀udd (7 days - 7 ways Guero >>> with a floating, shifting, ever changing persona.....)
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To: Cringing Negativism Network

Um, no.

99.9999999999999999999999999998%

I have read things she has said before...


8 posted on 08/23/2009 9:13:52 AM PDT by rlmorel ("The Road to Serfdom" by F.A.Hayek - Read it...today.)
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To: OldCorps
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.

Boo hoo.

So take some more damn pictures and earn some more cash.


9 posted on 08/23/2009 9:14:43 AM PDT by SIDENET ("If that's your best, your best won't do." -Dee Snider)
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To: OldCorps

I have great difficulty conjuring up empathy for millionaires who cant manage their money.


10 posted on 08/23/2009 9:15:28 AM PDT by kdot
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To: Cringing Negativism Network
I'd put the odds that she voted for Obama at 95%. (The other 5% is that she didn't vote at all, not that she voted for McCain.)
11 posted on 08/23/2009 9:16:20 AM PDT by utahagen
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To: Cringing Negativism Network

She’s a leftist lesbian in the art/entertainment business and lives in Greenwich Village in NYC. Odds she voted for Obama are 100%.


12 posted on 08/23/2009 9:16:53 AM PDT by Aria ( "The US republic will endure until Congress discovers it can bribe the public with the people's $.")
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To: Aria
Odds she voted for Obama are 100%.

Hell, she probably voted for him twice.

13 posted on 08/23/2009 9:17:57 AM PDT by SIDENET ("If that's your best, your best won't do." -Dee Snider)
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To: Cringing Negativism Network

even greater

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


14 posted on 08/23/2009 9:18:53 AM PDT by wardaddy
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To: OldCorps

news article say she owes 24M

she ain’t broke she is just cash poor if she has 50M in assets


15 posted on 08/23/2009 9:19:46 AM PDT by wardaddy
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To: Cringing Negativism Network
Odds she voted for Obama: 79%

Odds she voted for Obama: 79% 99.999%

16 posted on 08/23/2009 9:21:09 AM PDT by angkor (The U.S. Congress is at war with America.)
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To: Cringing Negativism Network

“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.


17 posted on 08/23/2009 9:23:13 AM PDT by Da Coyote
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To: Aria

I believe she took a photo of herself voting for Obama.


18 posted on 08/23/2009 9:23:30 AM PDT by Krankor
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To: OldCorps

Too bad, so sad. Let the Obamite beg for some stimulus money — maybe The One will help her out.


19 posted on 08/23/2009 9:24:42 AM PDT by Polyxene (America held hostage for the next 4 years by a RAT thug from Chicago - www.obamaclock.org)
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To: Aria

http://www.youtube.com/watch?v=-9SPdh4Nzy4&feature=channel_page

(the voter Obama voter who eventually concludes “what have we done?...”)

H/t to newbie “past_present”, funny video.


20 posted on 08/23/2009 9:25:11 AM PDT by Cringing Negativism Network (PALIN / HANNITY 2012.)
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