In terms of the Marxian formula, it would seem that the superstructural traditions of art have shed themselves in the effort to innovate at a pace in rhythm  with modernity's infrastructural advances in in technology.  To put it simply, are vanished in the high-velocity quest for originality.  Such a quest was inevitably and terminally fatal.

[Due to ...]

In the absence of any aesthetic criteria, money is the only yardstick.  All "tastes," like all "needs," are attended to by the market.

Which strikes me as a piece of analysis having broader application than "mere" Art.  For example, the recent housing bubble relied on the home purchaser to de-privilege "measurements" -- can't think of a better word, right now -- such as community, Public Space, and social support networks.