Annie Leibovitz, the renowned New York photographer who has taken portraits of the Queen, has pawned the rights to her life’s work in order to raise nearly $16 million to pay off her debts. 
Last autumn, the noted photographer famed for her iconic images of Hollywood and Washington personalities, borrowed $15.5m (£10.8m) from Art Capital Group, a Manhattan lender.
Leibovitz secured the loan partly against properties she owns in New York, but also by putting up the copyright, negatives and contract rights to every photograph she has ever taken or will take in [...]

25 Feb 09  /  Photography  /  2 Comments  /  Zachary Hayes