Ionarts has a terrific recap of the Peter Schjeldahl (art critic for The New Yorker) lecture at George Washington University's Lisner Auditorium as part of this year's Clarice Smith Distinguished Lectures in American Art.
"One of Schjeldahl's major points on the topic he chose ("What Art Is For Now") was that the snob appeal of art is one of the "underestimated engines of culture," that for now he has "no desire to swell the size of the tent" of those who love art. In his view, there is no reason to bring art to the masses. Those who want it will find it, and "if somebody doesn't want art, bully for them." However, as Schjeldahl also noted, the audience for art worldwide may be larger now than it ever has been, and the art market is a booming business. This may help explain the gulf that can be observed between major art critics and the art-going public, in the case of the J. Seward Johnson sculptures at the Corcoran, for example (see [his]post from September 14, 2003)."