Typepad Import Image

Page Six, the New York Post’s gossip column, reports today that Annie Leibovitz’s well-publicized money troubles were caused by out-of-control costs run up during the renovation of three Greenwich Village townhouses. Because the report came from Page Six, the report is based on statement from Leibovitz’s “Manhattan neighbors.”
    The New York Times recently reported that Leibovitz had essentially pawned her townhouses, as well as a home in upstate New York and all the rights to her images past and future for $15 million in loans to cover a liquidity problem.The Post’s report confirms what I have heard from longtime friends of Annie.–David Schonauer