Famed photographer Annie Liebovitz could lose the rights to her photography works as well as her homes if she doesn't cough up $24 million+ TODAY!Leibovitz (shown above with her iconic photograph of Demi Moore) borrowed that amount last year from Art Capital Group using her homes and her rights to her photographic works as collateral.
She owns three townhouses in New York's West Village (including the one shown above) and a 228-acre country estate in Rhinebeck, NY. She has reportedly been in dire financial straits for quite a while and recently dealt with the deaths of her parents as well as her lover, Susan Santog.
Let's hope she comes up with the money fast!
Let's hope she comes up with the money fast!
UPDATE: We've heard that a hearing has been set for October 2nd, though technically that doesn't alter the payment due date. We've also heard that her properties are worth $40+ million and her works are worth $50+ million. We're guessing she'll let the houses go if things get really nasty.
UPDATE (9/11/09): We've heard that Art Capital Group has dropped the lawsuit and agreed to restructure the loan. So dear Annie is safe for now!
How sad that so much is happening to such a talented person. Wishing you the best of luck.
ReplyDeleteWe agree Anon! We wish her the best of luck too!
ReplyDeleteHow does this happen? Don't understand...
ReplyDeleteWe understand she was pretty lax about keeping track of her financial affairs. Might be a case of just another celeb living large on short dollars!
ReplyDelete..Hello,
ReplyDelete..I'm just wandering the blogosphere and here I am at your blog. I enjoy the style of how this all works
good luck for her and i'll wish that money comes up fast with her !
ReplyDelete- nina