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Annie Leibovitz Portfolio Safe -- For Now

9/11/2009 11:00 AM PDT BY TMZ STAFF

Annie Leibovitz Famed photog Annie Leibovitz has managed to stave off losing her entire legendary portfolio -- but there's still the pesky matter of the $24 million she owes.

Leibovitz got so deep into financial debt, she took out the loan last year and put up her homes -- and her entire photo library -- as collateral.

Art Capital Group has agreed to withdraw its lawsuit against Leibovitz for failing to pay back her loan on time. They've agreed to restructure their agreement and push back the due date -- which was last Tuesday.

34 COMMENTS

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1.

shuffler    


I still don't get how people get into this much debt, unless it's drugs and/or gambling.

1777 days ago
2.

samson    

They probably realized there wasn't a whole lot they could do with her photo portfolio, considering they'd have to get permission from anyone IN those photos first if they ever wanted to use any of them.

1777 days ago
3.

Zag    

Great eye for photography...too much money...not enough brains.

1777 days ago
4.

CelebrityDigsHQ.com    

She has several homes in New York. Her country home is worth far more than what she owes to Art Capital Group. If she owns the country home outright, she should be able to liquidate it and pay off the loan. We have details on those properties at CelebrityDigsHQ.com.

1777 days ago
5.

mrez golucky    

Yikes!

1777 days ago
6.

Nance    

Is that a man?

1777 days ago
7.

Di    

Annie got permission for use of the images when she shot them. The permission travels with the pictures to whomever buys them. What they probably didn't want to do was to have to sell them and maybe get less than what she owed, or, maybe, someone she knows with strings got involved and convinced the bank to back off.

1777 days ago
8.

dish rags    

cats

1777 days ago
9.

Nix    

Wait!! Isn't that a close up of Huge Hefner going to that baby shower. Annie and him could be one and the same. I'm just sayin'.

1777 days ago
10.

Carter Forster - London, Ontario, Canada    

Woody Allen? He looks good.

No, but seriously, though........ Annie's an idiot who has nobody but herself to blame for getting herself in debt. She was trying to keep up with the Joneses and _stupidly_ put up her art (proof she's a phony sell-out) for collat. You made your bed, Lezzie, now LIE in it!

1777 days ago
11.

A.B.    

How do you get into that kind of debt? - But seriously, she is a marvelous artist, I admire her work. I hope she can work something out and keep her photos. She lost her significant other, maybe she hasn't been up to bringing home the money in the recent years.

1777 days ago
12.

Misanthrope    

She kind of looks like Howard Stern

1777 days ago
13.

romil4    

6. Is that a man?
Posted at 2:45PM on Sep 11th 2009 by who cares

No, but she wants to be.




1777 days ago
14.

S    

She could at least get her hair done with some of that $24 mil. I mean holy crap.

1777 days ago
15.

justsaying    

Maybe if she kept her tongue in her mouth, her fingers to herself and her strap-ons in a drawer and then......become what God intended her to be........A WOMAN....then maybe, just maybe, she'll get her act together. I'm so throuh with AI. I know I can't take week after week of that lesbo Ellen.

1777 days ago
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