«IT'S CALLED GOSSIP AND OF COURSE IT'S AN OBSESSION OF MINE»

There is something symbolic about Annie Leibovitz’s financial downfall. Her stylised celebrity portraits will forever be associated with the excesses of the boom years. And just as Lehman Brothers, Merrill Lynch, RBS and many other erstwhile titans of the global capitalist world have been cast low through their culture of excess, it seems that Leibovitz succumbed to a culture of breathtaking debts that spiralled out of control. Now, on the brink of 60, she has won the ignominious distinction of becoming the art world’s first high-profile victim of the recession.

The Times
Sept 9 2009