[Poggio]

You have to define art first. If you think of it in a limited scope as the image on a wall in a gallery then yeah, that is a small percentage of people who actually create that shit. How ever I can assure you that there are a large base for artist and not just in the limited scope that you are thinking of. Every logo, every fabric, every rug, every comic, every marketing campaign, From the Obey logo, to book covers, to movie posters, to editorial cartoons in the paper, to animated commercials, to video games to textiles, clothing, fashion. There is an artist behind that.

So where is the death of art when it has morphed into something else?

Edit: Also Art is subjective. Your friends and your art circles may not appeal to the markets around them.