What does it mean the “Democratization of the art world”?

Many people and companies have used and misused the term “Democratization of the art world” to sell more products or create a cool and trendy image. There are a couple of old or wrong concepts that have been related or connected with this term, for example: that the Democratization of the Art world means that artists can offer their work at affordable prices to reach a wider number of buyers (this includes limited editions) or that any artist can show their work in any art space or museum. On the other hand, museums define the democratization of the art world as reaching a wider, numerous, and diverse audience. But offering cheap artworks and letting more people assist the museums is and will not democratize it.

But then, what does it mean the “Democratization of the Art World”?
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