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Leibovitz's Plans for Fine Art

October 12, 2009 by Marion Maneker

The Master, Judd Tully, has this interesting nugget in his Art + Auction story wrapping up the Art Capital-Annie Leibovitz saga. Leibovitz still has to raise cash to settle her debts. So her new/old gallery has come up with a new version of an older plan:

Danziger says he intends to print a Master Set of 150 of the photographer’s most famous images in three different sizes and sell them in an edition of 10, to be released incrementally. “Annie is very interested” in another project for commissioned portraits, he adds. “We’re planning to take her work to Art Basel in Miami in December and are planning a show at the Chelsea gallery in early 2010.”

Picture Imperfect (ArtInfo.com)

Leibovitz & Art Capital Call Truce

September 11, 2009 by Marion Maneker

[intro]Loan Remains But Leibovitz Now Owns the Right to Sell Her Own Work[/intro]

Art Capital Group just issued this statement:

Art Capital Group and photographer Annie Leibovitz jointly announced today that they have reached an agreement that provides a further restructuring of Ms. Leibovitz’s finances and resolves pending legal matters between them.Continue Reading

Who's a Predator?

September 10, 2009 by Marion Maneker

LeibovitzAgence France Presse does did a follow up story on the Annie Leibovitz and ends up calling that called Ian Peck’s Art Capital Group “predators.” But the story offered no evidence that ACG’s business practices are different from their competitors in the art loan space–except that ACG seems to get itself into more lawsuits.

Update: AFP has taken the quote off their story

“I think Annie got involved with people I would call more predatorial in their lending practices than others,” said an Art Capital competitor, speaking on condition of anonymity due to the sensitivity of the matter. […]Continue Reading

Leibovitz Sells One Photo in Tokyo

September 8, 2009 by Marion Maneker

The Financial Times’s Alphaville blog touches on the Leibovitz deadline and adds this interesting tidbit from Tokyo’s inaugural photo fair where James Danziger is selling six signed works despite the legal confusion surrounding who has rights to sell the photographer’s work:

The prints, typically striking Leibovitz celebrity portraits, were priced at a modest $8,500 (modest, that is, compared to the Man Ray photograph sold by another dealer for close to $500,000 – and a portrait of Richard Wagner on sale for $1m).Continue Reading

Annie Sez

August 17, 2009 by Marion Maneker

Leibovitz portraitNew York Magazine‘s Andrew Goldman has a long story on Annie Leibovitz’s career and money management troubles. Aside from portraying her as a distracted, obsessive perfectionist, he also shows that the photographer remained decidedly conflicted about using her photographs to earn additional cash. At the prompting of Susan Sontag, she left James Danziger as her gallery and spent a decade with Edwynn Houk. Goldman says that was because Houk handled the estates of legendary photographers and Sontag had artistic ambitions for Leibovitz. Leibovitz, however, had trouble following through. And worse was to come with Phillips de Pury:

Neither did Leibovitz behave as if the money to be earned in the fine-art market was worth the effort. Edwynn Houk, her gallerist until last year, had no trouble selling her images. Leibovitz, however, could never get around to signing the prints. A buyer might have paid in full but still not get his picture for two years. “Nothing seems easier to me,” Houk says of the stack of photos perpetually collecting dust in her studio. “It’s a mystery why it took so long.” It was a complaint Houk was unable to register with Leibovitz directly because of her habit of postponing their scheduled calls. “Our record was sixteen months,” he says with a sigh.[…]Continue Reading

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