Thursday, July 30, 2009

Leibovitz Suit (UPDATED 2X)

Art Capital Group is suing photographer Annie Leibovitz. Story in the NYT City Room blog here. The Art Market Monitor has more. Art Capital's loans to Leibovitz were mentioned in a front-page NYT story on art-based lending back in February.

UPDATE: Much more from Felix Salmon.

UPDATE 2: Still more from the Art Market Monitor: "It would appear that both sides in this battle have made a bad deal."