noahkalina:

Riveting article.

One interesting point:

Leibovitz has told people that she didn’t understand the ramifications of the agreement she signed. She did not show the contract to any member of her family or even her agent before she signed it, nor did she hire her own attorney to review the document. Instead she relied on an attorney whom Starr provided. “Trust me,” says her sister Paula. “She thought it was a pure loan. That New York Times article was as much news to her as it was to anybody else.”

Art Capital disagrees:

“Ms. Leibovitz and a small army of her lawyers and financial advisers understood the terms of the deal,” insists Montieth Illingworth, a spokesman for Art Capital. “It was discussed explicitly with her numerous times over several months. Ms. Leibovitz signed her name five times to different documents in the transaction. To say otherwise is not credible.”

Given Leibovitz’s infamous in-attention to detail, this trainwreck, sadly, is not a surprise…