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Current Events => Economics => Topic started by: bijou on August 23, 2009, 01:21:24 PM

Title: Annie Leibovitz, photographer of stars, faces ruin
Post by: bijou on August 23, 2009, 01:21:24 PM
Quote
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.
...
Yet behind a facade of unlimited financial means, Leibovitz was spending her way into nightmare.
In what now appears as a disastrous decision to raise funds, Leibovitz took a 24-million-dollar loan from Art Capital Group (ACG) -- in effect a high-end pawn broker -- in December 2008 using her own photographs as collateral.
That debt is due September 8 and if she can't pay up, she could lose her life's work. ...
link (http://www.google.com/hostednews/afp/article/ALeqM5iWm74SpRNN3mHids9AJDoW7GdlJA)

I have read a couple of versions of this and I still can't see how she managed to spend quite so much money so quickly.
Title: Re: Annie Leibovitz, photographer of stars, faces ruin
Post by: RightCoast on August 23, 2009, 01:23:13 PM
Quote from: bijou on August 23, 2009, 01:21:24 PM
link (http://www.google.com/hostednews/afp/article/ALeqM5iWm74SpRNN3mHids9AJDoW7GdlJA)

I have read a couple of versions of this and I still can't see how she managed to spend quite so much money so quickly.

DU fund-raisers??
Title: Re: Annie Leibovitz, photographer of stars, faces ruin
Post by: Lord Undies on August 23, 2009, 01:26:52 PM
She should turn to the likes of Paul McCartney and Yoko Ono for a bailout. 
Title: Re: Annie Leibovitz, photographer of stars, faces ruin
Post by: DixieBelle on August 23, 2009, 05:29:21 PM
I read the article about her financial troubles in New York mag. (Why on God's green earth we even get that one I don't know. I guess it was in lieu of a pony HA)

Apparently Annie and reality ain't friends. She's a perfectionist who thought nothing of spending thousands and thousands of dollars to get just the right angle on a photo shoot. Also branded a tyrant for treating staff horribly. I am not surprised at all to see her in this situation.
Title: Re: Annie Leibovitz, photographer of stars, faces ruin
Post by: DumbAss Tanker on August 23, 2009, 05:56:50 PM
Obsessed with perfection...a problem I will never have!

 :rotf:
Title: Re: Annie Leibovitz, photographer of stars, faces ruin
Post by: Chris_ on August 24, 2009, 08:46:42 PM
Don't worry your not the only one :rotf:
Title: Re: Annie Leibovitz, photographer of stars, faces ruin
Post by: Chris_ on August 24, 2009, 11:28:10 PM
Wasn't she the twit called out last year for shooting a sitting with Juan McLame, and staging the shots so that he looked like the devil incarnate or something?
Title: Re: Annie Leibovitz, photographer of stars, faces ruin
Post by: JohnnyReb on August 29, 2009, 04:53:03 PM
Quote from: bijou on August 23, 2009, 01:21:24 PM
link (http://www.google.com/hostednews/afp/article/ALeqM5iWm74SpRNN3mHids9AJDoW7GdlJA)

I have read a couple of versions of this and I still can't see how she managed to spend quite so much money so quickly.

She has "sold" them for 24 mil and not paid the taxes I bet.....probably in the running to be Obama's "Art Czar".
Title: Re: Annie Leibovitz, photographer of stars, faces ruin
Post by: NHSparky on August 29, 2009, 09:17:36 PM
Quote from: DefiantSix on August 24, 2009, 11:28:10 PM
Wasn't she the twit called out last year for shooting a sitting with Juan McLame, and staging the shots so that he looked like the devil incarnate or something?

No, you're thinking of Jill Greenburg.  Another "tolerant" liberal.