Results tagged “annieleibovitz”

Celebrity photographer Annie Leibovitz, who had been facing a lawsuit because she failed to pay back a $24 million loan, worked out a deal with her creditor, which will allow her to buy back control of her photographs and pay back the money under new terms. Originally, Leibovitz had signed over the rights to all her photographs (past and future), as well as her three West Village townhomes and Rhinebeck estate, as collateral for the loan, which was supposed to have been paid back on Tuesday. It's unclear when the loan will be repaid at this time, but Art Capital is now letting "Ms. Leibovitz...retain control of those assets within the context of the loan agreement which shall prevail until satisfied." In a statement, the photographer said, “In these challenging times I am appreciative to Art Capital for all they have done to resolve this matter and for their cooperation and continued support. I also want to thank my family, friends, and colleagues for being there for me and look forward to concentrating on my work"—and maybe selling off some of that real estate.

It's tiny violin time again: In order to keep up appearances, more and more elites are reduced to borrowing money against their precious art collections. Today the Times has an intriguing look inside New York's biggest fine art "pawn shop," the aptly-named "Art Capital Group," which expects to make $120 million in art-related loans in 2009, up from $80 million in 2008. The way it works is a desperate rich person agrees to sign over his or her most valuable possessions in exchange for a loan, and if they don't pay up, Art Capital takes away their Rembrandts and Warhols. What's funny is how Art Capital co-owner Ian Peck brags to the Times about how "very discreet" his company is, and then the Times finds all sorts of details on clients like Julian Schnabel (pictured) and Annie Leibovitz, who has apparently fallen on such hard times that she's pawned off the rights to all of her photographs, past and future, in exchange for $15 million. Meanwhile, on Monday, less disadvantaged swells dropped a collective $264 million on Yves Saint Laurent's art collection. For the rest of us, there's free pancakes at IHOP until 10 p.m. today, assuming there's any left after Schnabel's done.

Oh, to be 15, to be the powerhouse behind a $1 billion franchise, and to have your "artistic" portrait--taken by Annie Leibovitz--be criticized! Teen star Miley Cyrus's photographs for the June issue of Vanity Fair have prompted a war of the words between the teen star, Disney (which produces her wildly popular "Hannah Montana" show) and the magazine.

A look at some noteworthy programs this week:

Annie Leibovitz photographs will be traveling the world soon, and are on view at the Brooklyn Museum starting this week.

Inventive Fashion Photographs by Chuck Close, Annie Leibovitz, Vik Muniz is an exhibit of the three photographers work on assignments for mainstream glossy magazines. Their trademark styles mingle with the editorial assignment – expanding beyond the boundaries given to them.

Developer Bruce Ratner has tapped celebrity photographer Annie Leibovitz to photograph the development of the new New York Times building on Eighth Avenue. Why? To attract other tenants for the building. The Post calls the 700,000 square feet available in the building "an entire speculative building," and says the photographs, which will be taken periodically, will be plastered in the area. Could photographs by Annie Leibovitz really attract new tenants? Maybe photographs of cash, but if this becomes a trend, is Larry Silverstein going to hire, oh, Bruce Weber to photograph the the World Trade Center's Freedom Tower?