Annie Leibovitz faces ruin ::: - GoFuckYourself.com

DeanCapture · 08-23-2009, 10:51 AM

Annie is having money problems and may lose her body of work to pay for a 24-million dollar loan. Sad : (

Annie Leibovitz, photographer of stars, faces ruin

LiveDose · 08-23-2009, 10:55 AM

The best artists are usually terrible with finances. Sad, she is an amazing creative mind.

fatfoo · 08-23-2009, 10:56 AM

24-million-dollar loan.. wow...

Machete_ · 08-23-2009, 10:58 AM

" Leibovitz took a 24-million-dollar loan"

why?? to build a bridge to south-america or something?

mikeyddddd · 08-23-2009, 11:00 AM

She's an icon of photography

Business guru? Not so much

seeandsee · 08-23-2009, 11:00 AM

Quote:

Originally Posted by DeanCapture

Annie is having money problems and may lose her body of work to pay for a 24-million dollar loan. Sad : (

Annie Leibovitz, photographer of stars, faces ruin

SGS · 08-23-2009, 11:01 AM

Absolute madness.

DonovanTrent · 08-23-2009, 11:15 AM

That's what happens when you spend wildly with abandon, while not paying attention to what you need to do to bring money in. She could've made a mint on signed prints, but I remember reading she didn't want to take the time to sign them.

Machete_ · 08-23-2009, 11:19 AM

Quote:

Originally Posted by DonovanTrent

That's what happens when you spend wildly with abandon, while not paying attention to what you need to do to bring money in. She could've made a mint on signed prints, but I remember reading she didn't want to take the time to sign them.

but 24 MILLIONS !!! how do someone spend 24 millions?

DonovanTrent · 08-23-2009, 12:52 PM

Quote:

Originally Posted by KrisH

but 24 MILLIONS !!! how do someone spend 24 millions?

Outrageously expensive photoshoots (for which she was responsible on the cost) combined with outrageously expensive spending habits (multiple homes with full staffs, etc.).

DeanCapture · 08-23-2009, 12:56 PM

Quote:

Originally Posted by DonovanTrent

Outrageously expensive photoshoots (for which she was responsible on the cost) combined with outrageously expensive spending habits (multiple homes with full staffs, etc.).

I read somewhere a while back that her former lover (she's a lesbian) had died and left her a big estate and she was having issues keeping it up (overhead, taxes etc...etc.). Plus she owed a lot of money to people before that happened so it just put her deeper in debt.

ToplistBlog_Com · 08-23-2009, 01:47 PM

I read about this in the New York Times... sad stuff.

$5 submissions · 08-23-2009, 01:53 PM

What did she use the $24M for?

VeriSexy · 08-23-2009, 09:34 PM

Wow.. such a shame

Robbie · 08-23-2009, 10:50 PM

Damn, like millions of people I've enjoyed her photos of my favorite bands since she first started.

pamon · 08-23-2009, 11:19 PM

c'mon dean... although she's an extremely talented photographer as yourself. Taking a 24mm loan against your work? For what? To maintain an extremely high end cost of life? Don't feel sorry for her or anyone else in this subprime housing mess.

escorpio · 08-23-2009, 11:28 PM

Admire her work but have no sympathy for her situation. She overspent and overborrowed unneccessarily.

JustDaveXxx · 08-23-2009, 11:32 PM

So Sad...

L-Pink · 08-23-2009, 11:45 PM

24 million obviously represents an ongoing reckless cash flow practice. Not a onetime hit. Sad but hard to feel sorry for her.

.

JayAllan · 08-24-2009, 01:51 AM

I worked for her years ago.

Long story short, she bought two houses in lower Manhattan and made them into her home and headquarters. They were beautiful historical buildings but under the skin they were totally run down.

So she spent millions more restoring them than she initially thought, and also had to spend several million fighting her neighbors who did not want the construction/ destruction of the historical buildings.

Because she only makes $2 mill a year from her Vanity Fair contract she consolidated all her dept into a single loan from Art Capital Group. The problem is not that she can't pay the loan, she just can't pay it fast enough, which is what the loan company is betting on.

Art Capital Group has done this with several notable artists so that they can take control of their catalogs, which is where the real money lies. Annie is not even late on her payments yet. She is being sued by Art Capital Group as a preemptive strike so they can start to consolidate her assets.

08-23-2009, 10:51 AM	#1
DeanCapture Haters & Trolls SUCK! Industry Role: Join Date: Dec 2002 Location: Los Angeles, CA Posts: 9,275	Annie Leibovitz faces ruin ::: Annie is having money problems and may lose her body of work to pay for a 24-million dollar loan. Sad : ( Annie Leibovitz, photographer of stars, faces ruin __________________ Twitter: @DeanCapture Instagram: @TheDeanCapture DeanCapture "at" Gmail.com

08-23-2009, 10:55 AM	#2
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	The best artists are usually terrible with finances. Sad, she is an amazing creative mind. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

08-23-2009, 10:56 AM	#3
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	24-million-dollar loan.. wow... __________________ Send me an email: [email protected]

08-23-2009, 11:00 AM	#5
mikeyddddd Viva la vulva! Join Date: Mar 2003 Location: you can't please everyone, so you got to please yourself Posts: 16,557	She's an icon of photography Business guru? Not so much __________________ AdultStarProfits AmbyaCash AnilosCash AzianiGold ColdHardCash FlashTheMoney IdolBucks MediumPimpin NSCash Nubiles PussyCash ScoreCash Sextronix SpunkyCash TubeTitans Twistys

08-23-2009, 11:01 AM	#7
SGS Confirmed User Industry Role: Join Date: Dec 2002 Location: Mallorca - Nottingham Posts: 5,176	Absolute madness. __________________ See sig...

08-23-2009, 10:58 AM	#4
Machete_ WINNING! Industry Role: Join Date: Oct 2002 Posts: 14,579	" Leibovitz took a 24-million-dollar loan" why?? to build a bridge to south-america or something?

08-23-2009, 11:15 AM	#8
DonovanTrent Confirmed User Join Date: Dec 2006 Location: Las Vegas, NV Posts: 968	That's what happens when you spend wildly with abandon, while not paying attention to what you need to do to bring money in. She could've made a mint on signed prints, but I remember reading she didn't want to take the time to sign them. __________________ Donovan Trent

08-23-2009, 01:47 PM	#12
ToplistBlog_Com So Fucking Banned Join Date: Jul 2006 Location: Queens NY Posts: 2,065	I read about this in the New York Times... sad stuff.

08-23-2009, 01:53 PM	#13
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	What did she use the $24M for? __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

08-23-2009, 09:34 PM	#14
VeriSexy Join The Royal Family Join Date: Apr 2002 Posts: 25,463	Wow.. such a shame __________________ Looking for a KICK ASS TEEN SPONSOR? Check out ROYAL CASH - THE KING OF TEEN! Incredible webmaster tools FHGs, Morphing Blog and RSS Feeds, Embedded FLV & WMV Videos. With TOP RATIO Sites like TeenStarsOnly.com - Earn $$ with our New Site & Bonus Payouts!! ATMovs.com \| iTeenVideo.com \| TeenSexMovs.com \| TeenSexMania.com

08-23-2009, 10:50 PM	#15
Robbie Leaner, Meaner, Faster Industry Role: Join Date: Aug 2002 Location: Vegas Posts: 20,958	Damn, like millions of people I've enjoyed her photos of my favorite bands since she first started. __________________ -Robbie ClaudiaMarie.Com

08-23-2009, 11:19 PM	#16
pamon Confirmed User Industry Role: Join Date: Dec 2007 Posts: 3,103	c'mon dean... although she's an extremely talented photographer as yourself. Taking a 24mm loan against your work? For what? To maintain an extremely high end cost of life? Don't feel sorry for her or anyone else in this subprime housing mess. __________________ Email: [email protected] Skype: davidamodt. / TG: Davidamodt US Adult Content & Porn Writer Project/Sites/Tubes/Reviews & More

08-23-2009, 11:28 PM	#17
escorpio I love to racism, bro! Industry Role: Join Date: Oct 2002 Location: USA! USA! USA! Posts: 22,817	Admire her work but have no sympathy for her situation. She overspent and overborrowed unneccessarily. __________________ Unvaxxed, still alive.

08-23-2009, 11:32 PM	#18
JustDaveXxx I AM JUSTDAVE ! Industry Role: Join Date: Feb 2005 Location: LA Posts: 4,111	So Sad... __________________ Smut Peddler Productions.com ICQ #378-696-435 / / Skype: JustDaveXxx "We shoot custom, exclusive content your way"

08-23-2009, 11:45 PM	#19
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,152	24 million obviously represents an ongoing reckless cash flow practice. Not a onetime hit. Sad but hard to feel sorry for her. .

08-24-2009, 01:51 AM	#20
JayAllan So Fucking Banned Join Date: Jan 2008 Location: Santa Barbara, CA Posts: 1,148	I worked for her years ago. Long story short, she bought two houses in lower Manhattan and made them into her home and headquarters. They were beautiful historical buildings but under the skin they were totally run down. So she spent millions more restoring them than she initially thought, and also had to spend several million fighting her neighbors who did not want the construction/ destruction of the historical buildings. Because she only makes $2 mill a year from her Vanity Fair contract she consolidated all her dept into a single loan from Art Capital Group. The problem is not that she can't pay the loan, she just can't pay it fast enough, which is what the loan company is betting on. Art Capital Group has done this with several notable artists so that they can take control of their catalogs, which is where the real money lies. Annie is not even late on her payments yet. She is being sued by Art Capital Group as a preemptive strike so they can start to consolidate her assets.