breakingnews

Mick Jagger's Sexy Daughter the New Face of Versace

Filed under: Apparel

Things are certainly going well for Mick Jagger's model daughter Georgia May Jagger as we first predicted back in the summer of 2008. Of course with a Rolling Stone for a dad and Jerry Hall for a mom what else would one expect for the 17-year-old stunner? In September we noted she had landed a sexy new ad campaign for Hudson Jeans; now she has made the cover of British Vogue and been named the new face of Versace. Jagger has just been photographed for the ad campaign by Mario Testino. "She's smart, beautiful, full of energy and has a strong personality [with] that natural high star quality. I adore her," Donatella Versace told WWD. "She's perfect for this collection - a real Versace girl."

Tags: ad campaign, AdCampaign, breaking news, breakingnews, celebrity, Donatella Versace, DonatellaVersace, Georgia May Jagger, GeorgiaMayJagger, Jerry Hall, JerryHall, Mario Testino, MarioTestino, Mick Jagger, MickJagger, model, Rolling Stone, RollingStone, Versace

Ruscha Print Sets New Record for Artist

by Tom Johansmeyer (RSS feed) —

Filed under: Auctions, Art

Celebrate if you own an Ed Ruscha print. At a Bohnams and Butterfield's auction last week, excited bidders pushed Standard Station (E.5) past its high estimate of $40,000 ... all the way to $170,000 and a new record for Ed Ruscha's work. The previous top spot for Ruscha was $133,000 for Hollywood, which was attained during the art boom in 2007.

The record-setting piece features a red gas station, an image now associated with Ruscha, and is #33 in an edition of 50 (a pretty large run). The strong auction performance follows an enormous retrospective held for the artist at London's Hayward Gallery and recognition by Americans for the Arts with its Artistic Excellence Award.

But, there's no prize so grand as an outstanding performance at auction.

Tags: art, art auction, art auctions, ArtAuction, ArtAuctions, artist, artmarket, artwork, bonhams, bonhams butterfields, bonhamsauction, BonhamsButterfields, breaking, breakingnews, ed ruscha, EdRuscha, hayward, haywardgallery, london, london england, LondonEngland, ruscha

Selling Real Estate to Leibovitz "Big Mistake"

by Tom Johansmeyer (RSS feed) —

Filed under: Art, Real Estate Developments

Celebrity photographer Annie Leibovitz may lose her two high profile properties if Art Capital Group wins its $24 million lawsuit. They are side-by-side in Greenwich Village and date back to the 1830s. Leibovitz's plan was to combine 755 Greenwich Street and 757 Greenwich Street into a single 9,000 sqft life/work space. These plans, of course, are in jeopardy, and the former owner of the Greenwich Street homes, Jay Furman, partner in FYH Village LLC, is calling the sale a "big mistake."

The renovations have taken years, resulting in legal action from the Greenwich Village Society for Historic Preservation and a $15 million lawsuit against Leibovitz by her next-door neighbor. The suit was settled in 2003, when the photographer bought the litigant's building for $1.87 million. So, she wound up paying for three properties (12,000 sq. ft. in all), which contributed to a tenuous financial situation and the loan from Art Capital Group, according to Bloomberg News.

These transactions were only part of a mountain of debt amassed by the photographer. From 1999 to 2008, Leibovitz borrowed extensively to purchase property and refinance the debt she was carrying. In total, her activity stretched to more than a dozen loans, Bloomberg News reports, all on the back of her real estate holdings. Two 2006 loans – for $4.7 million in November and $2.5 million in December – were extended by Rhinebeck Properties LLC, which happens to have the same address as Conde Nast Publications Inc.

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Tags: annie leibovitz, AnnieLeibovitz, art, artist, artwork, breaking, breaking news, BreakingNews, greenwich, greenwich village, GreenwichVillage, new york, new york city, new york new york, NewYork, NewYorkCity, NewYorkNewYork, photographer, photographs, photography, real estate, RealEstate