No hard-feeling toward modern artists, but art is no more a matter of art, it's a matter of money and speculation.
Rich people have developed their own parallel World where the so-call Art, is only a way for them to invest their money, to make profits, to pay less taxes, in other words to optimize their fortune…
In a lot of countries, to support artists, governments set up all kind of tax discounts, if you buy a piece of art. Rich people quickly understood how they could profit from it.
So what happens is that, rich people are buying anything, and when I say anything, that is really anything, no matter what it is, what it represents, what it means, as far as it's labeled art, then it's fine.
The result is that, the price of works of art is increasing, and reaching insane summits for absolutely no reason at all. Which is of course the goal! To make their investment profitable!
A side effect is also that museums can no longer afford to own paintings or sculptures to be exposed to the public. Everything goes into the hands of billionaires, who are simply putting their new investment in a bank safe.
Sick, Sad, Greedy.