Leibovitz spotted touring $12M townhouse

Annie Leibovitz, the famed photographer who found herself in hot water after over-extending her real estate holdings, was spotted touring the $11.95 million Upper East Side townhouse that once belonged to fellow photog Richard Avedon at 407 East 75th Street near First Avenue this week, according to the New York Post. Leibovitz, who owns an upstate home and three townhouses that she combined into one residence, narrowly avoided financial calamity last September when she and lender Art Capital Group arranged a financial restructuring plan on her $24 million home loan just days before her deadline to repay. For her part, Leibovitz has denied claims that she is interested in purchasing the home, which is owned by Olivier Sarkozy, the half-brother of the French President Nicolas Sarkozy. The 8,475-square-foot townhouse hit the market in late May. [Post]