There actually seems to be a change in the art world,now. The days when there were investors buying the most cutting edge art, regardless of artistic work, are gone. I see more and more references to “beauty”, in art. Of course, “beauty” is up to interpretation. What I am seeing is more representational subject matter, done in a manner to create positive feelings.
Of course, there are still serious subjects and abstracts being created. For some, this is beauty, and this has not changed. I just don’t think it’s as universally accepted as the only good art, anymore.