I’m sure I’m not the only one who finds it frustrating that when accessing an iTunes shared library from a second machine the only available view option appears to be the text list, with no way of viewing cover art. I’m equally sure I’m not the first one to discover this but never the less I found a way around this problem.
On the host machine whose library you are sharing simply create a playlist, I named mine AirPlay, and then add your entire music collection to it. Now on the second machine connect to your shared library, expand it if necessary by clicking on the triangle and scroll down to and select your newly created playlist.
The good news, grid and album list view are available when viewing shared playlists allowing you to finally see your cover art from your shared library, the bad news, Coverflow is still not available.