We reported a few months back about a photo supplier filing lawsuit against Annie Leibovitz to collect invoices due for equipment rentals.
Well, now it seems other creditors are after her, too.
Art Capital Group, an art finance company, lent Ms. Leibovitz $24 million to pay off other debts with the value of her entire body of work as collateral, saying she’d sell off those assets to pay back the loan. Now they’re suing, accusing Leibovitz of “boldly deceptive conduct.”
Art Capital Group alleges that since then, she’s refused to meet with those interested in purchasing parts of her collection or properties she owns in violation of the agreement that secured the loan. Leibovitz’s spokesman says it isn’t so, but it seems that will be for a judge to decide.
Question: will anyone pay me $24 million dollars for all my pictures? Seriously, I’d sell ‘em for $24 mil. I’d even go as low as $23 mil. Call me!
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2 Comments at "Annie Leibovitz Sued…Again"
I’ll go as low as $21 mil, call me first!
How did she manage to scure the loan in the first place – $24m is a lot of money!
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