At Quillette, The Avant-Garde’s Slide into Irrelevance
Those all-white canvases pretty much were the dead end. Or maybe Pop Art. However, thousands of people still make compelling and appealing pictures that people want to decorate their homes. Besides that, painting itself remains a highly-popular hobby because it is difficult, semi-relaxing, you have total control for once in your life, and there is always room for improvement.
What about the modernist abstractionists like Pollock? Decorative to some people, definitely investments and status symbols. Could I tell a real Pollock from a Rockwell Pollock? Nope. I think Rockwell did a fine Pollock.