No. There's no objective "good art", only popular art. When we say something is "good" we're saying it's popular, either in mass or in a certain community. I think this is the cleanest explanation with the minimal assumptions and favored by stuff like Occam's razor, because defining "good" requires way too many controversial criteria, and you might have to go through that for every medium, which is infinite amount.

However, that's just my theory / ideal. I still occasionally feel my taste is superior to others, which I'm not proud of. You can say it's another argument (a sociological / weak one), that the sense of superiority in taste is not helpful.