It's a shame that they no longer hold any Artistic Competitions within the Olympics games anymore.

On their Wikipedia page it states the reasoning for their end

In 1949, a report was presented at the IOC meeting in Rome which concluded that practically all contestants in the art competitions were professionals, and that the competitions should therefore be abolished and replaced with an exhibition without awards or medals. This sparked a heated debate within the IOC. At a 1951 meeting, the IOC decided to reinstate the competitions for the 1952 Olympics in Helsinki. However, the Finnish organisers claimed there was insufficient time, and an art competition was not held. An art exhibition took place in its stead.

The issue continued to be debated within the Olympic Movement, and at the 49th IOC Session in Athens, 1954, the IOC members voted to replace the art contests with an exhibition for future Olympics. Several attempts have been made to re-include them, but without success.

The Olympics continue to be connected with art exhibitions, however. The Olympic Charter required organisers of the Olympic Games to include a programme of cultural events, to "serve to promote harmonious relations, mutual understanding and friendship among the participants and others attending the Olympic Games".