Though your question brings up an interesting question, if Art can fall, can it also be redeemed? I do not think it can do either. The fall and redemption always occurs in our hearts not in the things themselves. But, I do believe that the things we create reflect what is in our hearts. Thus Tolkien’s distinction between Art and Power. When our hearts create something with the purpose of including and sharing, we create Art. When our hearts create with the purpose of dominating other wills, we create a Power which we can wield against others.

The rings in Tolkien’s stories are fanciful flights of imagination, but can be applied to the talents and skills we have been given as Artists. Each of our gifts is a ring of power created by God. These gifts are inherently good. But if our hearts are corrupted, we will created corrupted things.

In Tolkien’s stories, we can see the difference in a comparison between the Elven rings and the One Ring. The Elven rings were created to heal, enhance, and preserve. The One Ring was created to dominate the other rings.

In the modern world, we can see the real world applications in different forms of art. For example, Photography can be used to enhance or degrade a woman’s image. Normal everyday discussions revolve around judging the work art as good or bad, but I think as Christians we have to ask where is that person’s heart who created this “art”? That’s the real source of the goodness and corruption when judging art.