Should your house in Rosedale, New Canaan or Tuxedo Park have to be remodelled, you'd know what to ask for from your architect. Moreover, it can sometimes be useful to have an opinion on topics outside of law and business. Who knows, you may eventually meet people who, believe it or not, find law-talk boring. Take the Grad Residence at Harbord and Spadina. Yes, it's weird.
Popular art is usually cute, pretty, figurative and pre-World War Two.
High art is meant to be understood and appreciated at an intellectual level. The fewer who get it, the better it is. You're fine as long as others think that you understand. High Art is a state of mind and a pedantic posture. It's what makes Montrealers and New Yorkers the way they are.