The astonishing thing is that they continue to have any value at all. But "A fool and his money are soon parted". This years's Tulip Mania will end the same way as the original one did.
I wonder what price they'll get when the sell them. Probably more than the 'man in the street' would get for the same object.
But that happens with any object at all that has been previously owned by celebrities, so it's not indicative of what the 'normal' sale-price would be for the same object owned by any Joe SixPack on the open market.
Maybe for their ego, but never selling is akin to a 100% loss. Of course when a person has enough money they can just buy into it for the temporary entertainment value.
Good, this is a horrible implementation of what could be a worthwhile thing.
Imagine if instead of getting some of the cheapest procedurally generated "art", you got a signed poster or something and the NFT verifies it's authenticity.
That would be an actual use case for this technology, for anything collectible forgeries are extremely common