Annie Leibovitz's real estate holdings might be enough to cover loan

Tom Johansmeyer

Annie Leibovitz just might have enough real estate to cover her debt to Art Capital Group, according to real estate brokers. But, you'd have to believe a broker, which is always tough to do in Manhattan.

The celebrity photographer is in the hole $24 million to art financier Art Capital Group. The loan is collateralized with Leibovitz's real estate holdings and the rights to her photography. A report by Bloomberg suggests that her New York property could be worth $40 million, in which case, the appreciation she's seen on these homes could end her troubles with creditors.

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