– In last 2 yrs, she faced tax liens of $1.4 million and two lawsuits claiming that she has not paid more than $700,000 in bills for photography services.
– “She was notoriously bad with her expenses and was also known to give away expensive Minox cameras to anyone who said they admired hers.”
– ” She has been lax about keeping records of which studio expenses to bill to which client. Traditionally Leibovitz would submit claims to Condé Nast or an advertising client to cover her expenses. The client would then reimburse her, and she would pay her vendors. Now, it appeared, those payments weren’t making it out the door. Brent Langton, a lighting specialist, sued Leibovitz, claiming his company was owed more than $221,000 for rentals in 2006 and 2007. An agency representing Nicoletta Santoro, a clothing stylist, also sued, saying it was owed over $385,000.”
– “Leibovitz left Rolling Stone for Vanity Fair in 1983. Her reputation for dubious money management apparently traveled with her. “Getting her accounts at rental houses and film labs was a struggle,” says Andrew Eccles, now a highly regarded photographer who worked as Leibovitz’s assistant from 1983 to 1986. “I had to get people to believe me when I said it wasn’t the old days anymore. People would actually get paid for their equipment.” Because of her credit issues, Leibovitz was forced to deal almost exclusively in cash. In 1987, American Express offered her a plum ad campaign. Ironically, Leibovitz’s application for a card had been denied many times. After the ad agency found out she’d lost an envelope containing several thousand dollars in a phone booth during their shoot, strings were finally pulled to get her a card.”
– “Leibovitz once described her portraiture method as “get ’em somewhere where they’re bored shitless and there’s nothing to do except take pictures.” From there, she would work her subjects to the point of exhaustion, a state that could lead to revealing moments of vulnerability. For a 1981 Rolling Stone shoot, William Hurt sat in his parents’ house in New Jersey one afternoon. At seven o’clock the next morning, Leibovitz was still shooting the actor, who by now was wearing only a pair of briefs.”
– “In 2007, Leibovitz agreed to take Tina Brown’s portrait for her Princess Diana biography. “I thought she would just take a snap at my home,” Brown says. Leibovitz insisted that the shoot be on the beach near Brown’s summer home in Quogue, even though it was March and freezing. Leibovitz showed up in a van with a stylist and assistant. A second car stuffed full of clothes soon arrived. A wind machine would eventually be engaged. This was all on Leibovitz’s dime; she refused to charge Brown a cent. Unsatisfied with the day’s work, Leibovitz suggested that they try again the next day. “We’re through!” Brown told her, appreciative but worn out. “She’s a massive perfectionist,” Brown says, “and absolutely doesn’t care about the impact on her own bottom line.”
– “Leibovitz’s obsessiveness was reflected in her mothering, Kellum says. When Sarah [her daughter] started eating solid food, a rigorous journaling policy was instituted, in which every bite and bowel movement was to be committed to an unlined black notebook purchased from the Swedish stationer Ordning & Reda. Kellum regularly ordered replacement books from Stockholm so that the journaling could easily continue from one book to another. Once, when an order got lost in customs, Leibovitz insisted on having two notebooks sent from Stockholm via a special type of courier service called “quicking.” It was essentially like buying a seat for a parcel on the next plane. The shipping cost alone came to $800.”
– “Leibovitz had also built a life that had become extraordinarily expensive to maintain. It wasn’t just the mortgages on the homes. It was the Range Rover, the trips to Paris, the chef and housekeeper, the handyman, the personal yoga instructor, the terrace gardener, and the live-in nanny. There was only one man Leibovitz deemed qualified to work on anything involving air-conditioning or ductwork at either residence, and he lived in Vermont.”
– “Neither did Leibovitz behave as if the money to be earned in the fine-art market was worth the effort. Edwynn Houk, her gallerist until last year, had no trouble selling her images. Leibovitz, however, could never get around to signing the prints. A buyer might have paid in full but still not get his picture for two years.”
Then there’s the mess with her real estate dealings:
– “For days, a crew had been digging below the townhouses to build the sub-basement. The ground beneath the buildings had actually been underwater until 1820, when landfill turned what had been the Hudson River into buildable land west of Hudson Street. In the midst of the excavation, the wall Leibovitz’s building shared with the little trapezoidal building at 311 West 11th Street groaned and sank several inches. The wall separated from the floors, leaving a gaping hole. Fire trucks encircled the scene, and Con Ed workers raced to locate and repair a burst gas line. Insurance covered much of the damage, but the young family next door, whose home was immediately condemned, sued Leibovitz. Under a settlement the parties reached in 2003, Leibovitz would have to purchase their home for $1.87 million.”
– “Leibovitz, like so many Americans during the boom years, had been taking out additional mortgages, heaping loan upon loan. The initial mortgage on the Rhinebeck property was about $1.8 million. Eventually, she had some $11 million mortgaged against it.”
She really wasn’t making as much money as people thought:
– “Her contract w/ Conde Naste wasn’t as large as reported: “In fact, a copy of Leibovitz’s contract that came to light in a recent lawsuit indicates that she is being paid $2 million per year, and only through 2011. The rumored $250,000 day rate to do an advertising job also appears to have been greatly exaggerated. “It’s not half that,” says a source with direct knowledge of Leibovitz’s finances.”
Wow, with that kind of irresponsibility she sounds like she could’ve had an executive position with Fannie Mae or Freddie Mac! I’m just relieved that she’s not on Pres Obama’s economic recovery team! Incidentally Ms. Lebovitz, if you’re reading this I’m a very great admirer of your work. You can mail me my Minox. Just make sure it’s top of the line ’cause I’m a really big admirer.