Research-What is Contemporary Art?

Finally found the answer to the question "What is Contemporary Art?"My Eureka moment!!The answer was a very satisfactory one from ART 21's lecture series.
DEFINITION-:Contemporary art is the work of artists in the 21st century.It mirrors contemporary culture and society,also provides the general audience a rich resource through which to consider current ideas and rethink the familiar.The work of contemporary artists is a dynamic combination of materials used,methods, concepts,subjects that challenge traditional boundaries and defy easy definition.Diverse and eclectic , contemporary art is distinguished by the very lack of a uniform organizing principle,ideology or ism.It gives voice to the varied and changing cultural landscape of identity, values and beliefs.
Contemporary Art is 

• GLOBALLY INFLUENCED

• CULTURALLY DIVERSE

• TECHNOLOGICALLY ADVANCED 

• is referenced from the past,building on timeless themes, critiquing outmoded models, researching forgotten histories or borrowing traditional methods and techniques to realize new ideas.

• uses many different methods and processes,in isolation or in collaboration with other artists, assistants, specialists, fabricators or audiences

• can serve as a form of critique reframing ,redefining or disrupting traditional ideas and expectations about art or society such as beauty,originality,representation and authority.

• often references elements from multiple disciplines and sources-pop culture, mass media, humanities (literature,intellectual history,natural history,art history) and fine art, architecture, craft

• can unfold overtime -can be process based (performative,collaborative,spontaneous),experiential or interactive (video,multimedia web based ) or it can respond to environment (public art, environmental art)

• can exist outside traditional exhibition forums public spaces, site specific locations, non art sites and is often presented in innovative ways (installation, performance, online events or as a documentation of an important work)

• blurs boundaries between art and everyday life often an artwork will purposefully intersect with an environment such as home,work, school,politics and entertainment.

• the audience plays a very important role in the art work experiencing it, interpreting it and responding to it