[ed. I missed this fascinating article when it first came out in 2009. According to the most recent entry listed for Annie in Wikipedia her debt has since been restructured, although it's still not clear whether she has retained rights to her incredible catalog of work.]
The 700 friends and colleagues who had come to share the evening with her knew about the “tough times.” Two vendors had sued her for more than $700,000 in unpaid bills, and in February, the New York Times ran a front-page story reporting that in order to secure a loan, Leibovitz had essentially pawned the copyrights to her entire catalogue of photographs. Even those who had known she was in trouble were shocked by the extent of it. Leibovitz was responsible for some of the world’s most iconic magazine covers—a naked John Lennon with Yoko Ono for Rolling Stone, Demi Moore, naked and pregnant, for Vanity Fair. She had moved from celebrity portraiture to fashion photography to edgier, more artistic pictures; some considered her the heir to Richard Avedon or Helmut Newton.
Despite being a compulsive perfectionist whose shoots cost a fortune to produce, Leibovitz was very much in demand. People spoke of a fabled “contract for life” from Condé Nast, thought to bring her as much as $5 million annually. (The estimate didn’t seem far-fetched; a decade ago, the Times reported that Condé Nast chairman Si Newhouse had instructed Vanity Fair editor Graydon Carter not to “nickel and dime” Leibovitz over the issue of an extra quarter-million dollars in her contract.) She was said to earn a day rate of $250,000 just to set foot in a studio for an advertising job for clients like Louis Vuitton. Over the years, Leibovitz had bought and sold a small fortune in real estate—a penthouse in Chelsea with a photo studio nearby, a sprawling townhouse in Greenwich Village, a compound in Rhinebeck once owned by the Astor family, and a Paris pied-à-terre overlooking the Seine. Virtually anyone (the Queen of England, for instance) would agree to be photographed by her, and she had a longtime relationship with the celebrated writer and intellectual Susan Sontag.
Lately, however, Leibovitz’s life had taken a decidedly dark turn. Her reference to “tough times” was significantly understated. In the past five years, Sontag and both of Leibovitz’s parents have died. Her debts now total a staggering $24 million, consolidated with one lender with whom she is engaged in a lawsuit and due in September. If she can’t meet that deadline, she may lose her homes and the rights to her life’s body of work.
Friends say Leibovitz has begun to think of herself less as a celebrity artist leading a charmed life and more as a single mother of three fighting to keep a roof over her head and food on her family’s table. It isn’t surprising, then, that she bristled at a lifetime-achievement award. The fear of no longer working is terrifying to her. She has to work. What remains mystifying is the simple question on everyone’s mind that night: How on earth could something like this have happened to Annie Leibovitz?
by Andrew Goldman, New York Magazine | Read more:
Image: John Keatley/Redux