Come to think of it, it does resemble a “peakcock’s tail” much more than it resembles #4. But I don’t think it’s identical because the peacock’s tail hypothesis doesn’t account for the judgement criteria changing based on how appreciation for an art form transforms itself into an institution. (And, more crucially, how the institution’s subsequent evolution affects the judgement criteria.)
Come to think of it, it does resemble a “peakcock’s tail” much more than it resembles #4. But I don’t think it’s identical because the peacock’s tail hypothesis doesn’t account for the judgement criteria changing based on how appreciation for an art form transforms itself into an institution. (And, more crucially, how the institution’s subsequent evolution affects the judgement criteria.)