When this kind of stuff is making the news that is a good indicator of a big correction and bear market in the next 12-24 months.
Anyone I know that has worked and accumulate of wealth, know how to keep it. Imagine trying to sell it on secondary market. Normal art is tough enough, but a friggin potato. It's BS...
In general I agree, but there's is always the occasional Nicholas Cage out there, blowing ridiculous amounts of money on ridiculous stuff and then losing their fortune.