The trick in this question hinges on the fact that masterpiece != not-obscene. For example, "A Clockwork Orange" is
today considered a masterpiece, but many also consider it obscene
today. So, in fact something can be both masterpiece and obscene. Hence, the assumption should be bridging this gap to the conclusion.
Some works of art that today are recognized masterpieces were considered obscene when first created. It therefore follows that what is considered obscene or not obscene has changed over time.
(A) Displays of works of art that are considered obscene change the way in which obscenity is defined.
Negating this would say, Displays of works of art that are considered obscene do not change the way in which obscenity is defined. If you think about it, this has no aspect of time. So, what if a display of art at some point affected say the definition of obscenity. Does it say anything about at some other point in time? No. Therefore, negation has no effect on the conclusion-which is primarily about change over time.
(D) Not all currently recognized masterpieces that were once considered obscene are still considered obscene.
Negating this would say, All currently recognized Ms that were once considered obscene are still considered obscene -> So nothing changed over time wrt what is considered obscene -> Destroys the conclusion