Edition: U.S. / Global  Omnivore of All Kinds of Objects
Published: June 1, 1989  NO one can accuse Mitchell Wolfson Jr.
of doing things small. Swamped by the 50,000 or more objects
he's collected since childhood, the 49-year-old acquisitor
recently bought a storage company here, relocated his new
employees, and moved his own stuff in.  The Spanish Revival
warehouse in the middle of the Art Deco district is scheduled to
open in 1992 as the Museum of Decorative and Propaganda Arts, an
exhibition and research center for his vast holdings.  ''I don't
write and I don't paint,'' said Mr. Wolfson, heir to an
entertainment-industry fortune and known to everyone as Mickey.
''Collecting is how I express myself.'' That he expresses
himself in the grand manner of William Randolph Hearst and J. P.
Morgan, with a little of Andy Warhol thrown in, has not escaped
notice in Miami, a city that dotes on extravagance.  There is
his penchant for crisscrossing the country in his two private
railroad cars. There is also the Caste