The fact that we are discussing this at all has some merit for the "artist".
Art is subjective, whats considered "good" art and whats considered "bad" art? Especially difficult to say when were dealing with contemporarty art. I saw an absolutely normal piece of regular fabric hanging in a wall at the National Gallery of Art in DC, wondering how in the world it made it there and why its considered art. At the Hirshhorn they had a Warhol movie playing, it was an excerpt of his movie "Sleep", a static shot of a man sleeping, nothing more... the full movie consists of 5 hours of this guy sleeping, what BS.
This piece is hard for us to watch cause we love our bikes so much, but it was visually interesting for me.
Part of what art is to me, is doing things that havent been done before...