Professional art has always catered to the wealthy. I guess that is rather ironic, for people expound the virtues of artistic freedom expression but those artists who are financially successful are often little more than prostitutes who service a wealthy clientele. I have a number of very good artists as facebook friends, but none can make a living at it, except as Art teachers.
IMO, their work is far superior to that sold for 6 or 7 figures. Crud! Even though I've millions of views of my own work, no one (except for one individual) has requested a print. The image of a starving artist is more than a stereotype and I wold guess perhaps only one in a thousand artists make enough from their art work to stay alive.