It's highly visible and if there's anything sketch going on, it strikes me as very dumb to be this out in the open with such a large public transaction.
Right now it feels like the speculation in NFTs is narrowing from a relatively broad-based buy everything phase to focus on a very limited list of "blue chip" NFTs. Those small numbers of NFTs are being pushed to higher and higher levels while that vast majority of NFTs languish with almost no trading activity.
I don't know how that ends. Sure, it's a bubble, but it may not pop in any meaningful timeframe. It's already gone way past what I feel is reasonable, so I know not to trust my judgement on how much longer it can last.
I also have to factor in envy. I passed up Bored Apes when they were quite cheap, so I'm sure that's coloring my view.