[codingdave]

> a preserved notebook of someone semi-famous with 5000 pages of drawings

That is the crux of it - will Beeple be semi-famous in 200 years? Doubtful. There isn't anything here that is particularly noteworthy to stand the test of time... the unique difference in this work is its delivery, not its content. (In that sense, the buyers were correct to not care about the content.)

It does deserve some recognition for being the first of its kind. But just like the videos of people who took a picture of themselves every day for years were once new and innovative, they are now commonplace... so will works like this become commonplace. So the point is that there is no reason to expect this to appreciate in value and become worth a billion dollars.