Monday, August 24, 2009
Annie Leibovitz, photographer of stars, faces ruin
...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...
Breitbart: Annie Leibovitz, photographer of stars, faces ruin
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...
Breitbart: Annie Leibovitz, photographer of stars, faces ruin
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