George Dickie's institutional theory successfully defines art as any artifact on which some person acting on behalf of the artworld has conferred the status of candidate for appreciation.

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Candidate for appreciation(what status is given to art according to Dickie's theory): Something that's been put forward for people to look at, think about, and find value or meaning in, the way you'd appreciate a painting or a song.
Conferred status(the action of declaring something to be art): A quality or label that one person or group officially gives to something, like how a president confers an award on someone.
George Dickie(as the originator of the institutional theory of art): A 20th-century American philosopher who developed new ideas about what makes something art, focusing on the role of the art world and institutions rather than just how things look or feel.
Institutional theory(as a theory about what defines art): The idea that something counts as art because the art world—museums, galleries, critics, artists—treats it as art, rather than because of what it physically is.

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