Monday, 3 August 2009

Annie Leibovitz faces court claim for $24m

Annie Leibovitz: life’s work at risk. Photograph: Jacquelyn Martin/AP

A firm that lent millions of dollars to Annie Leibovitz, one of the world's most renowned celebrity photographers, says she has reneged on an agreement to sell her life's work to repay the debt, and has asked a New York court to order her to open her home and studio to its estate agents.

Mired in debt, Leibovitz approached Art Capital, a US firm specialising in loans backed by pricey art collections, last year and obtained $24m (£14m) in credit to right her "dire financial condition", the firm said in a court filing....more

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