That is non sense. Like any peace of art, code can be a delight to contemplate or an awful experiment that was done as is just because, see, it's possible.

Of course 99% of everything is crap, and no one like to ingest crap.

Add to that impossible deadlines and usual exponential accumulation of hot fixes to a point where a bright new product will be more effective than paying the technical debt. Crafting software is on far worse road than most form of art.

All that said, yes, there are great peaces of code that are a delight to contemplate.