Last summer, photography mastermind Annie Leibovitz was strapped for cash, so she took out a $24 million loan from a finance company called Art Capital Group. Supposedly, for collateral on the loan, she used all her photos and her homes Manhattan and Upstate New York. Well, Art Capital Group is claiming that Annie is in breach of contract, and filed a lawsuit this week demanding that Annie let appraisers into her homes so they can estimate the value and start selling everything off. Meanwhile, Annie says this is BS. [NY Times]
So can this company really sell all her photos? That seems kind of wrong. You shoot gorgeous Vanity Fair covers, and you get no respect.