Maybe. Or maybe there are enough pure speculators where some art really does just get passed around for a century to different investors despite remaining in some storage facility the whole time? Don't know anything about art collection, so I have no clue.
Even this, I assume, is based on the assumption that someone, someday will want to do what you describe (hang it on a wall and have exclusive access) and pay you for the privilege to do so. Right now, that isn't really possible with an NFT.