As I recall, some of it was on yachts, and the yacht business came to a screeching. The sales of slightly used yachts from Europe however did just fine.
But one could in theory tax items that cost over some high price, say $100,000. I'm not sure it would raise much revenue. There is an argument that a pure wealth tax in the US would be unconstitutional, and it has done poorly in Europe where it was widely tried, and widely reversed.