On Tuesday, Annie Leibovitzâ€™s $24 million loan comes due, but she really canâ€™t pay it.
Her lender, Art Capital, is planning to sell Leibovitzâ€™s archive and describes it as fine art and intellectual property, as the right to reproduce and sell pictures.
They are this archive as a package, along with the rights to Leibovitzâ€™s future shoots for the next two years.
Getty Images has already made an offer of $15 million. According to a recent court filing, Art Capital Group considered that offer so insulting that talks halted immediately.
Would someone be interested in reaching a friendly arrangement to assume management of her archive for $50 million?