What is the difference between art and fine art is that art is broad umbrella term for all creative expression, while fine art is specific subset created primarily for aesthetic, intellectual and conceptual purposes rather than functional or commercial use. Art includes everything from fine art like painting and sculpture in galleries, to applied art like graphic design, industrial design, ceramics that are functional, to decorative art like interior decoration, crafts like knitting and jewellery, and commercial art like advertising and illustration. Fine art is created for its own sake to express idea, emotion or beauty, is typically one-of-a-kind or limited edition, exhibited in galleries and museums, critiqued by art world, and collected as investment with provenance, with examples like oil painting, bronze sculpture and limited edition photograph. Art in general can be mass-produced, functional and commercial, like poster, logo and furniture. For valuation, fine art has higher value and is insurable for agreed value with specialist fine art insurance from Chubb and AXA, while general art like decorative prints is insured under contents. For tax in Australia, fine art by professional artists is treated as trading stock and may be eligible for cultural gifts program, while hobby art is not. For career, fine artist focuses on gallery representation, exhibitions and grants, while commercial artist focuses on clients and briefs. So all fine art is art, but not all art is fine art, fine art is distinguished by non-functional, aesthetic intent and gallery context.
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