John Gapper

How Annie Leibovitz got shot

How Annie got shot

The Leibovitz story, however, is more than a tale of a photographer who got absorbed into the high-spending world of the people she portrays. It is a reflection of something unexpected – that, despite all her celebrity and talent, Leibovitz lacks earning power as an artist.

If she could sell her prints in galleries or at auction for as much as former fashion and society photographers such as Herb Ritts, Bettina Rheims and Richard Avedon – let alone contemporary artists who work in photography, such as Cindy Sherman, Richard Prince, Andreas Gursky and Gilbert & George – her financial worries would ease.

John Gapper at the Financial Times on how the prominent photographer Annie Leibovitz got into financial trouble and why she’s having such a hard time digging her way out.

This is an important piece for anyone to read and it has as much to do with the place of certain types of photography in the fine art world as it does with the perils of self-employment and managing money.

[via Dale Allyn]