Heimo Zobernig on the art market


Do we have to be afraid that a bubble emerges in the art market? 

Heimo Zobernig: It is difficult to speculate. Where I am located in the art market, in the middle, there are no extreme variations. In terms of art collecting, it only makes sense to think in terms of a long term perspective. Only short term speculation can create a [financial] bubble. If a work is constantly circulated, it cannot hold its value. In the long run, the content receives its correct assessment.

Translated from a German interview, published in Die Kleine Zeitung, Kärnten, Austria.

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