FT Alphaville » Annie Leibovitz http://ftalphaville.ft.com FT Alphaville - Market Commentary - FT.com Thu, 23 May 2013 04:30:45 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Vanity Capital L.P http://ftalphaville.ft.com/2010/06/02/249921/vanity-capital-l-p/ http://ftalphaville.ft.com/2010/06/02/249921/vanity-capital-l-p/#comments Wed, 02 Jun 2010 18:12:28 +0000 Paul Murphy http://ftalphaville.ft.com/blog/?p=249921 We watched the video, so you don’t have to…

Vanity Fair promo:

Continue reading: Vanity Capital L.P]]> http://ftalphaville.ft.com/2010/06/02/249921/vanity-capital-l-p/feed/ 0 Ken Starr, advisor to the stars, accused of $30m Ponzi http://ftalphaville.ft.com/2010/05/27/245476/ken-starr-advisor-to-the-stars-accused-of-30m-ponzi/ http://ftalphaville.ft.com/2010/05/27/245476/ken-starr-advisor-to-the-stars-accused-of-30m-ponzi/#comments Thu, 27 May 2010 15:17:15 +0000 Stacy-Marie Ishmael http://ftalphaville.ft.com/blog/?p=245476 On Thursday, the US Department of Justice issued a curious one-liner:

A press conference will be held today to announce the unsealing of charges against financial advisor Kenneth Starr for allegedly perpetrating a $30 million fraud against his clients.

Continue reading: Ken Starr, advisor to the stars, accused of $30m Ponzi]]> http://ftalphaville.ft.com/2010/05/27/245476/ken-starr-advisor-to-the-stars-accused-of-30m-ponzi/feed/ 0 Rescuing Annie: an unusual private equity deal http://ftalphaville.ft.com/2010/03/09/168826/rescuing-annie-an-unusual-private-equity-deal/ http://ftalphaville.ft.com/2010/03/09/168826/rescuing-annie-an-unusual-private-equity-deal/#comments Tue, 09 Mar 2010 09:06:40 +0000 Gwen Robinson http://ftalphaville.ft.com/blog/?p=168826 Poor Annie Leibovitz. Imagine facing the prospect of losing several of your many homes, not to mention rights over your multi-million dollar store of snaps. That was the situation facing the celebrity photographer, as we reported late last year, until private equity came to the rescue.

Now, as the FT reports on Tuesday, Annie has been bailed out by US private equity firm Colony Capital – just like one of those cash-strapped companies ripe for debt restructuring.

Continue reading: Rescuing Annie: an unusual private equity deal]]> http://ftalphaville.ft.com/2010/03/09/168826/rescuing-annie-an-unusual-private-equity-deal/feed/ 0 Colony to bail out Leibovitz http://ftalphaville.ft.com/2010/03/09/168581/colony-to-bail-out-leibovitz/ http://ftalphaville.ft.com/2010/03/09/168581/colony-to-bail-out-leibovitz/#comments Tue, 09 Mar 2010 04:52:06 +0000 Gwen Robinson http://ftalphaville.ft.com/blog/?p=168581 Annie Leibovitz, the celebrity photographer, is turning to buy-out firm Colony Capital, better known for its property investments, to help clean up her finances. Under their arrangement, Colony will become Leibovitz’s sole creditor and help her market a library of renowned photographs including a portrait of a nude John Lennon embracing Yoko Ono. Leibovitz, 60, risked losing the rights to her photos and several Manhattan townhouses after missing payments to Art Capital, a firm that helps finance artists, with which Leibovitz had an agreement to borrow up to $24m.

Continue reading: Colony to bail out Leibovitz]]> http://ftalphaville.ft.com/2010/03/09/168581/colony-to-bail-out-leibovitz/feed/ 0 Leibovitz update: Nothing happens – yet http://ftalphaville.ft.com/2009/09/10/71081/leibovitz-update-nothing-happens-yet/ http://ftalphaville.ft.com/2009/09/10/71081/leibovitz-update-nothing-happens-yet/#comments Thu, 10 Sep 2009 12:15:20 +0000 Gwen Robinson http://ftalphaville.ft.com/blog/2009/09/10/71081/leibovitz-update-nothing-happens-yet/ Following Tuesday’s post on the travails of celebrity photographer Annie Leibovitz, the deadline for the repayment of her $24m loan to New York-based art finance company Art Capital Group passed at midnight on Tuesday – leaving her liable to lose control of her properties – including brownstones in New York City and a sprawling property in Rhinebeck, New York – and copyright over all her work.

Bloomberg reported on Thursday that a spokesman for Art Capital would not confirm whether Leibovitz was now in default, or whether new loan terms were being worked out.  There was no comment, either, from Goldman Sachs -  a creditor for the loan, the news service added.

Continue reading: Leibovitz update: Nothing happens – yet]]> http://ftalphaville.ft.com/2009/09/10/71081/leibovitz-update-nothing-happens-yet/feed/ 0 Annie Leibovitz’s financial Doomsday clock http://ftalphaville.ft.com/2009/09/08/70376/annie-leibovitz-the-hunter-and-the-hunted/ http://ftalphaville.ft.com/2009/09/08/70376/annie-leibovitz-the-hunter-and-the-hunted/#comments Tue, 08 Sep 2009 09:31:41 +0000 Gwen Robinson http://ftalphaville.ft.com/blog/2009/09/08/70376/annie-leibovitz-the-hunter-and-the-hunted/ The ups and downs of artists’ and photographers’ lives are generally beyond the scope of FT Alphaville’s expertise, with the occasional exception, perhaps, of the financially savvy ones such as Damien Hirst or, in this case, the financially troubled celebrity photographer, Annie Leibovitz.

Leibovitz’s tangles with an art-finance company over a hastily arranged $24m loan and US tax authorities have been well-documented over the past couple of months (see Related Links, below). The saga, with all its ugly twists, is now lurching towards its denouement.

Continue reading: Annie Leibovitz’s financial Doomsday clock]]> http://ftalphaville.ft.com/2009/09/08/70376/annie-leibovitz-the-hunter-and-the-hunted/feed/ 0