Yes, I’m regards to what gets produced there’s an awful lot of beautiful art these days.
There is also a line of criticism that the institutions of fine art (education, galleries, museums, grants, etc) have, in the last few decades, distorted their previous value system of beauty (complex as it is) to focus on more conceptual and academic issues. If you’re interested in hearing this analysis in detail, check out The Invisible Dragon by Rich Hickey.