It seems that in these unusual times even the likes of Leibovitz need to find cash in unusual places. The photographer has turned to a company called Art Capital that specialises in lending money with fine art as the collateral. The New York Times disclosed yesterday that Leibovitz has borrowed about $15m (£10m) from the firm in two tranches. Records show she secured the loan partly against property, but also by putting up as collateral the copyright, negatives and contract rights to every photograph she has ever taken or will take in future until the loans are paid off.
Technorati Tags: property, real estate
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