Ostentatiously aesthetic party piece (4)
I believe the answer is:
'ostentatiously aesthetic' is the definition.
'arty' can be an answer for 'aesthetic' (I've seen this in another clue). I'm not sure about the 'ostentatiously' bit.
I cannot understand how the remainder of the clue works.
Can you help me to learn more?
(Other definitions for arty that I've seen before include "Pretentiously affected" , "Affectedly interested in creative pursuits" , "Affectedly pretentious" , "Affectedly highbrow" , "Keen on cultural matters" .)