Go Back   RetouchPRO > Technique > Photography
Register Blogs FAQ Site Nav Search Today's Posts Mark Forums Read

Photography Both digital and film. Discussions about cameras, gear, exposure, technique, and sharing your photography

Annie Leibovitz and her mortgages

Thread Tools
Old 03-02-2009, 07:03 AM
Frank Lopes's Avatar
Frank Lopes Frank Lopes is offline
Senior Member
Join Date: Nov 2005
Location: Northern Hemisphere
Posts: 889
Blog Entries: 27
Annie Leibovitz and her mortgages

I don't if you have seen this piece where Annie Leibovitz uses her photos as collateral to borrow $10 Million to pay her mortgages.

What caught my eye was this statement:
Documents seen by the New York Times reveal she secured the funds by giving the company, Art Capital, ownership of all her work - past and future - until the loan is repaid.
All her work? Past and future until the loan is fully repaid?

I'm not an expert in these matters, but is this common for an artist to "hawk" all future works until a loan is repaid?

Does this mean that at least as of now, she no longer has control over the usage of all her famous pictures since, technically, it is the lender that now "owns" those works?

What are your thoughts?
Reply With Quote top
Old 03-02-2009, 11:26 AM
Mike Mike is offline
Senior Member
Join Date: Nov 2001
Location: Grand Junction CO USA
Posts: 683
Re: Annie Leibovitz and her mortgages

I have seen other threads on this on other forums and it seems that what she has done is more like placing a lien on a house. She still owns the work, still controls its usage, but if she does not make the payments they will own it.

The one part that strikes me as kind of funny is the part about future work. I would not loan you much on work you may or may not do next month or next year. Unless you could show me some kind of ironclad contract for that work and in todays economy, how much is a contract with some company really worth?
Reply With Quote top

  RetouchPRO > Technique > Photography

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT -6. The time now is 03:32 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Copyright © 2016 Doug Nelson. All Rights Reserved