Read this passage:
"The terms “modern” and “contemporary” are sometimes used as synonyms. But the term “modern” means being up to date or being technologically advanced. Therefore, what is modern now is also considered to be contemporary. But when it comes to art, those that are referred to as modern art specifically are works produced between the American colonial period to the Post-war period in the Philippines. Back in those days, the work created by our artists were new and shocking, that’s why back then, it was also considered to be “contemporary art”. But contemporary art is the art of the present, so what may be contemporary now, will not necessarily be the contemporary art of the future."
Which among the statements best summarizes the whole text?