Fine art has become irrelevent. Marcel Duchamp started this mess with his Dada movement. Art today is basically a boring version of Jackass.
Modern Art at the Detroit Institute of Art.
I think you just have to look beyond this "cutting edge" crap (excuse the coarse pun). Real fine art with real talent is alive and well, it's too bad that these freaks get all the attention, or any attention at all.
I am a painter, and while I am not the art queen by any stretch of the imagination. I have quite a few professional artist friends, young and old, who are doing well without eating walls or defecating in public.