Famed photographer Annie Liebovitz's owes 24 Million to creditors, OUCH ! that Hurts.
http://www.zillow.com/blog/photog-annie-liebovitz-could-lose-ny-homes/2009/08/03/
Famed photographer Annie Liebovitz's owes 24 Million to creditors, OUCH ! that Hurts.
http://www.zillow.com/blog/photog-annie-liebovitz-could-lose-ny-homes/2009/08/03/
She's as feminine as Semenya.
Stop tantalizing us: Annie Liebovitz's WHAT owes $24 million?
WHAT? Funny!
The pain from this probably won't offset the pleasure she's received in the past from living her obviously overly-lavish lifestyle.
She's still working and highly sought-after, so I'm sure that she'll still make a decent living. Plus, so what? Who knows what other assets she has that are NOT on the table as part of the agreement?
Big deal.
Actually she's hurting for business. Digital photography has made it so easy for others to copy her style that it is killing her business. She didn't diversify her expertise and is now in a bind. That's life in the fast lane. Tough shit for her.
I thought she was trying to "diversify" when she attempted some "naturist" shots with Miley Cyrus. She seems to have gone over the edge on her shoots in the past few years to obtain publicity.
While she may owe 24 mil, I think I read she has about 50 mil in assets. Sounds more like a liquidity problem than a being broke problem to me.
The dilemma she hasn't adjusted to is the repaid reduction of income due to technology, coupled with overvalued real and intellectual property assets. She has to liquidate much of her real assets.
Her longtime companion, who had a prolonged illness, also saddled her with a bunch of debts
my kids toys have cameras
Mr Mountain wrote:
I thought she was trying to "diversify" when she attempted some "naturist" shots with Miley Cyrus. She seems to have gone over the edge on her shoots in the past few years to obtain publicity.
While she may owe 24 mil, I think I read she has about 50 mil in assets. Sounds more like a liquidity problem than a being broke problem to me.
not really, the creditor may wind up owning the rights to all of her past and future work
I'd say that's > than a liquidity problem
what sort of times does she have for a 5k?
I think she is hot because she is passionate about her art and has intellectual beauty that radiate from within and I find that irresistably sexy. I'd fruck her in the arse if I had the chance.
If ever there were a time to say it...
pics?
Copycats are all over the internet. Her distinctive style os everywhere now. The IAAF had Getty Images do a nice book of portraits of top T&F elites for the 2004 Athens Olympics and it's full of Annie Liebovitz style pictures taken by low-cost Getty studio photographers.
If the article is to be believed, the OP is wrong. It says Annie obtained a 24M line of credit but it doesn't say she maxed it out. Instead, it says she owes the party suing her "hundreds of thousands of dollars."
It further states that the agreement for the line of credit with the suing creditor allows it to collect unpaid sums by liquidating her real estate and the rights to royalties from her work.
However, if it's only hundreds of thousands of dollars at stake, no court is going to allow her home or the rights to her royalties to be liquidated. Instead, it will allow the creditor to take a couple hundred thousand dollars worth of crap (pianos couches cars and other unnecessary junk she's no doubt collected) and sell it.
It sounds like she does or did have 7-8 figure debts to other people, but there's no indication that those people are suing.
Obviously she has to reduce her lifestyle. In the past paying bills of 100k or so were just chump change for her and she would let her 'people'. Now with the current state of thr economy and the extinction of the photography profession, she can't easily make cash the way she used to be able to do.
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