With British art market seeing considerable gains in 2014 following a slow 2013, the outlook seems very strong, especially for contemporary pieces over $1,00,000. The lower end of the market is suffering due to the general public having less expendable capital. This could change if the economy picks up but with growth forecast to be slow and even fears of another recession, it is fair to assume that the lower end of the market (beneath $40,000 USD) will remain depressed.
One genre that has seen significant exposure and price inflation is Orientalist paintings. Works dating from the 19th century by a wide number of artists from the Orientalist movement have hgad enormous exposure from high profile sales at the main auctions as well as smaller sales from London galleries.
The contemporary and 20th century British (Bacon, Freud et al) school of figurative painters are continuing to grow but there has beena resurgence in buying of works from Asia and the US.