> With a lot of art just stored tax efficiently, not sure how relevant "enjoyment" currently really is at the upper end of the market (maybe enjoyment of possession?).

On the flip side, are millions of people who pay money to simply view art every day in cities around the world. That seems like pretty strong evidence that people get "enjoyment" from it.

> Arguably, being part of the crypto community does seem to bring some people joy.

I'd guess it's the part about the rapidly rising prices that gives them joy.