According to a story in Monday's NYT, Annie Leibovitz, photographer extraordinaire, borrowed a total of fifteen million recently to cover mortgage and other financial matters. The collateral included standard assets and rights to all of her photographs. The article points out that the lender, Art Capital Group, commonly floats loans to artists, which can snag artists' work. Intriguing piece.
That Old Master? It's at the Pawnshop.
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