We mentioned last year that Vanity Fair‘s Annie Leibovitz was having some money problems.
Well, a new article from the New York Times has shed some light on just how financially effed Miz Leibovitz is!
She borrowed $15.5 million from an art world ‘pawnshop’ last year – taking out $10 million as recently as Decmber!!!
Basically, she put up the rights to some of her famous snaps for the big bucks.
If Annie doesn’t pay them back on time, the ‘pawnshop’ takes ownership of her works.
Major!
Those who know the photographer said she used the money to pay off mortgages and deal with other ‘financial stresses’.
Excessive living catches up with the best of us!
[Image via WENN.]