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If you understand it in the classical sense, as the result of artistic creativity, the creation of artistic images designed to introduce people to the beautiful and eternal, then yes.
This kind of art doesnt dominate now; its in the past. But if you understand art simply as the creation of artistic images in any form, by any means, and for any purpose, then such art is very much alive. They call it an aesthetic event, an action, whatever. In any case, we have the art that we deserve.