The rise and (partial) fall of abstract painting in the twentieth century

"Non-representational painting was one of the most radical artistic innovations of the twentieth century. Abstract painting was created independently by three great pioneers - the experimental innovators Kandinsky and Mondrian, and the conceptual Malevich - virtually simultaneously, in the years immediately before and after the outbreak of World War I. It became the dominant form of advanced art in the decade after the end of World War II, as Pollock, de Kooning, Rothko, and their colleagues developed the experimental forms of Abstract Expressionism. But in the late 1950s and early '60s, Johns, Rauschenberg, Warhol, and a host of other young artists abruptly made a conceptual revolution in advanced art, and in the process reduced abstract painting to a minor role. The pioneers of abstract painting and the Abstract Expressionists had all been committed to abstraction as a vehicle for artistic discovery, and had believed that it would dominate the art of the future, but since the 1960s abstraction has become at most a part-time style for leading painters, and it is often used to mock the seriousness of earlier abstract painters"--National Bureau of Economic Research web site.