This %^@!ing Economy

This %^@!ing Economy

A curious story in the NY Times this morning about "Art Capital Group" and their business, which seems to be, tell me if I'm wrong here: Art Pawn Shop. Not only current owners, but also artists like Julian Schnabel and Annie Leibovitz, are trading in their collections for cash loans -- but in Ms. Leibovitz' case, not only her own artwork is on the table, but, per the Times,
according to loan documents filed with the city, one of the world's most successful photographers essentially pawned every snap of the shutter she had made or will make until the loans are paid off.
(empahsis mine -- on FUTURE prints, as well? Wow.)

  • Mark Kaufman

    I also found that part of the story you emphasized to be disturbing. There is of course a long history of artists and patrons (whether they be art buyers or publishing conglomerates) skirmishing over who owns the rights to what, and for how long. Photographers in particular have been united and strong in the advocacy of their rights and usage thereof. Ms. Leibovitz is free to do whatever she wants with her work now and in the future. I believe that this transaction opens up a new door in the never-ending battle for artists rights, especially in the digital age, where the definition of copyright is ever shifting. I am not sure what this portends, but it doesn't sound good.

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