I'm also pretty sure that given a famous "highbrow" literature or art work, you could easily find plenty of respected critics who think it's shit, and vice versa for "lowbrow" works.
"Philistines say these unreadable books are garbage, but sophisticates like me say they have great merit."
(Speaking of which, please don't post low-information rants to HN.)
(And while I'm not claiming to know your own views on the subject) I interestingly find this most commonly expressed by people who also happen to be deep believers in free-market-solves-everything. And one of the biggest complaints so many people have is the money aspect, whether it be how much actors or sports players are paid or, in this case, artists. Ostensibly, that by definition, pay in a free market would flux, that is, that there would be no baseline. But that seems to be the problem. They, often, tend to also complain about things like popular music. Yet, popular music is directly the result of driving to produce more of what the listener wants (as dictated by actual buying patterns, and not people say they want)(we could talk about influencing of fads and the priming of consumers, but why shouldn't that just as easily have its place in the market?). But in returning to remuneration, isn't it possibly that the exact fear expressed here the fear of the very core of free market enterprise, that there is no standard value, and that by definition, my value (which is, obviously, probably what I'm most immediately concerned with, as it determines my very ability to survive in the modern world) can fluctuate from positive to zero to, even, negative. So the desire seems to be to have the free market aspect, and what ever is seemingly being gained from it, which is whole other problem, but import into it some sort of universal standard base value that exists out there as some sort of Platonic ideal, therefore to know the 'value' of anything requires only a conversion from this universal base value to any specific real-world exchange, more or less. But, obviously, this is in direct opposition to the core of free markets. So, then, is it merely an expression of anxiety related to relativism?
Those arguing sometimes try to get around this by investing 'effort', that is, Caravaggio supposedly takes more effort than Pollock, say, to render a given painting, so therefore one is 'worth' more than the other. But, really, isn't this just the idea of a universal base value being snuck in under cover? After all, it does not depend on how much work is involved in anything, it only depends on what amount of value someone (and how many someones) is willing to offer in exchange for it. Indeed, isn't the desire always to spend less in development and deliver than theoretical competitors? Isn't that the core way in which the free market is supposed to deliver unto us everything we never knew we wanted?
The problem is that, fundamentally, art is probably much like the law, is probably fundamentally tautological. That is, what is art, and what is great art, more exactly, is that which which we say is art and that which we say is great art.
Everybody is terrified to say that a book is drivel or a painting is just some random drips of paint, in case it burns bridges or makes them look unsophisticated.