I'd distinguish between physical art and digital art tbh. Physical art has already grappled with being automated away with the advent of photography, but people still buy physical art because they like the physical medium and want to support the creator. Digital art (for one off needs), however, is a trickier place since I think that's where AI is displacing. It's not making masterpieces, but if someone wanted a picture of a dwarf for a D&D campaign, they'd probably generate it instead of contracting it out.