since the depths of the recession, the art market has been piking up. (Really high end stuff had not been too affected except that not mush has been offered as compared to stuff offered in the pre recession yers)
My area of interest has been high end Arts n Crafts pottery and 20h century art.
The pottery has picked up to"ALMOST" pre recession values (theres still about a 20% difference but it was as low as 70% down in 2011).
Will it recover? who knows. We may have a new standard set because much of the A&C stuff was waaay over valued in the early 2000's.
As far as art , Ive seen some stuff having new records (mostly stuff that is done by really well known artists like Rothko , Kent, Wyeth, etc).
Average wrks or the really good stuff by regionally well known artists are still struggling because the buyers are not the "Super rich"