World famous photographer Annie Leibovitz’ loan was due last night before midnight. If the $24 million loan went unpaid, Leibovitz could lose control of priceless negatives.
It seems the downturned economy’s cold tentacles have made their way into the life of one of the world’s most respected photographers. After struggling to maintain mortgage payments and pay for services, the famous Vanity Fair photographer took out a loan at great risk to her personal wealth. You can see some of her work in the video below.
At stake, were three condos, a huge house, and the copyright to all of her famous photos—if she didn’t pay it back.
She is most well known for her work with celebrities: her cover shoot of a pregnant Demi Moore in her birthday suit remains one of the most famous she’s done. And who could forget the controversial photos she took of teen superstar Miley Cyrus? One person she didn’t shoot in her undies is Queen Elizabeth II, but the pic came out very well anyway.
Back in July, the lender sued Leibovitz for massive amounts of late fees and penalties she had incurred for missing payments. In that case, they stated that she had until September 8th (yesterday) to pay it in full. As of late Tuesday night, there was no indication as to whether or not she met the deadline, or if negotiations were going to continue.
Let’s hope Annie Leibovitz’ loan problem is resolved; it would be a shame to see such a great artist lose the rights to a lifetime of work.
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Photos: www.wenn.com