Elegance is in the old movies. Elegance is in by gone eras. The media has "lowest common denominatored" our world.
I read one time in a book long long ago that history has demonstrated through many cultures and times that cultures when in decline emulate the lower classes. When in a rising mode, they emulate the upper classes.
This is going to sound oh so petty of me, but this is my answer. Notice how people even talk these days. Young women talk through their noses like squeeky horns. People born in the early part of the twentieth century were actually instructed to speak from their diaphragms and hold themselves well. "Stomach in, chest out" and all that.
What do we emulate as a culture? Partying, MTV and its unfolding children of many channels. One can say "So what!" And when a culture is in decline, so what is what you hear every where you go. "So what, don't be judgmental".
In order to be big minded, tolerant, diverse and all of the basket of adjectives that are the "coinage of our current society", you can not aspire to something that might appear to be "superior" or "arrogant" or "class oriented".
There is elegance in this world still. It's just not out there for general consumption. Consumption is a great word. We are "pig like", "rodent like" just low level human like -- consuming at the trough of immediate gratification, fast term communication, coded phrases that mean what you don't really want to know. But in all cases, in our modern culture, especially of the western world, we are not generating, pursuing or engendering "ELEGANCE".
That is a word that used to be loaded, even in its definition and broad understanding, now that word is used to elite gatherings, new car descriptions, model runways and oh yes, in describing old movies.
We are still in decline and that word "elegance" will not return to our parlance until something rather large and fundamental about our culture changes. Going into that would take a book, not just "an answer".
Thank you for your important question. I commend you for your elegant thoughtfulness, which of course, I am presuming you are in possession of. Sorry to end my sentence with a preposition.