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MONDAY, NOVEMBER 23, 2009
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Leibovitz Sued Over $24M Loan

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(Newser) – A financial firm is suing Vanity Fair photographer Annie Leibovitz for failing to cooperate to repay a $24 million loan, reports the Telegraph. Leibovitz last year put up her photographs and two homes as collateral for the money to pay off debts. But now Art Capital Group said the 59-year-old photographer is engaging in "boldly deceptive" conduct to dodge selling some of that property to begin repaying the debt.

Leibovitz "acknowledged" that some of her "art, intellectual property and real estate assets" would have to be sold," but is refusing to meet with real estate agents or buyers interested in purchasing her photos, according to the suit filed in New York State Supreme Court. Leibovitz's attorney has not yet responded to the suit.

Michelle Obama is one of hundreds of famous people photographed by Annie Leibovitz.
Michelle Obama is one of hundreds of famous people photographed by Annie Leibovitz.   (AP Photo/Annie Leibovitz / Vogue)
Annie Leibovitz speaks to the media standing in front of a portrait of pregnant actress Demi Moore at an exhibit of her work in Berlin.
Annie Leibovitz speaks to the media standing in front of a portrait of pregnant actress Demi Moore at an exhibit of her work in Berlin.   (Getty Images)
Photographer Annie Leibovitz speaks to the media at a recent exhibit of her work in Berlin, Germany.
Photographer Annie Leibovitz speaks to the media at a recent exhibit of her work in Berlin, Germany.   (Getty Images)
In this Jan. 15, 2009 photo, photographer Annie Leibovitz is pictured during a photo shoot while on assignment for Vanity Fair magazine in Washington. A New York finance company that lent Leibovitz $24 million in 2008, using her photos and real estate as collateral, has filed a lawsuit charging that...
In this Jan. 15, 2009 photo, photographer Annie Leibovitz is pictured during a photo shoot while on assignment for Vanity Fair magazine in Washington. A New York finance company that lent Leibovitz $24...   (AP Photo/Charles Dharapak, File)
French first lady Carla Bruni-Sarkozy, photographed by Annie Leibovitz, is captured on the cover of
French first lady Carla Bruni-Sarkozy, photographed by Annie Leibovitz, is captured on the cover of "Vanity Fair."   (AP Photo/HO)
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8 comments
VIEWING:
 
riffran
Jul 31, 09 4:01 AM CDT
I though that was a long haired guy in that one picture Reply
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+1
IN RESPONSE:
Newser001
Jul 31, 09 5:26 PM CDT
Leibovitz is world renowned for her photographic skills, which includes a recent series on the Queen of England. Perhaps you could post your picture as an avatar so we could mock your looks, as well...?
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+1
IN RESPONSE:
Mad
Aug 1, 09 3:04 AM CDT
Aces, Rif. Loudly proclaim you are an idiot. Be proud that you don't know shit. But, you're preaching to the choir, son - we already know
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+2
IN RESPONSE:
Laugh
Aug 1, 09 9:57 AM CDT
Artists live in their head, not their mirrors.
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+1
weglad
Jul 31, 09 5:33 AM CDT
Helluva photographer though. Reply
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+2

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