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Location: New York, N.Y.
The Skinny: Famed photographer Annie Leibovitz might have endorsed the iPhone as the "snapshot camera of today, so accessible and easy," but her trio of West Village townhouses are hardly easy to afford, listed yesterday for $33M. Of course, Leibovitz knows a little bit about feeling cash strapped. In 2007, she put her body of work and any future production up as collateral on a $24M loan to satisfy creditors that included the IRS. By 2009, the firm that had provided that shady loan, Art Capital Group, was suing to force the sale of these three pricey, combined townhouses in one of Manhattan's most expensive neighborhoods. They seem to have failed to force the sale, but now Leibovitz has decided to part with the property in order to make a move uptown, closer to her daughters' school. The purchase of this prime property seems to be a bright spot amid her financial difficulties. Leibovitz spent a total of $6.1M on the three houses and, controversial renovations aside, stands to make a hefty profit.
· Greenwich Street [BHS]
· Photographer Annie Leibovitz Lists Her New York Compound for $33 Million [WSJ]
· Annie Leibovitz, The Artful Anti-Preservationist [Curbed NY]
· Legendary Photog Annie Leibovitz's Surprising Camera Recommendation [Gizmodo]