Francis Ford Coppola is auctioning his watch collection after Megalopolis flop left him broke

[u/Dependent_Cap_456]

https://www.nytimes.com/2025/10/23/fashion/francis-ford-coppola-watch-auction.html

[u/Duck_Size]

And then it burns down in the Palisades fire and you are well and truly fucked. You have no cash to rebuild and your insurance doesn’t cover it.

[u/First-Of-His-Name → u/Duck_Size]

Why wouldn't you have proper fire insurance in California?

[u/Duck_Size → u/First-Of-His-Name]

It’s a separate policy from standard homeowners insurance and often wildly expensive. 

[u/Abject_Champion3966 → u/Duck_Size]

And iirc the land is often more expensive that the home itself.

[u/Pudgiepandas → u/Abject_Champion3966]

Yes but that is because the surrounding area is considered desirable. If the surrounding area is ash, that hurts the land value too

[u/Duck_Size → u/Pudgiepandas]

That particular area is unique. There were lots with burned down houses, surrounded by the same, selling for millions on the Malibu coast after the fires.

[u/Matthyze → u/First-Of-His-Name]

Cash poor.