1. In European academic traditions, fine art is art developed primarily for aesthetics or beauty, distinguishing it from decorative art or applied art, which also has to serve some practical function, such as pottery or most metalwork. In the aesthetic theories developed in the Italian Renaissance, the highest art was that which allowed the full expression and display of the artist's imagination, unrestricted by any of the practical considerations involved in, say, making and decorating a teapot. It was also considered important that making the artwork did not involve dividing the work between different individuals with specialized skills, as might be necessary with a piece of furniture, for example. Even within the fine arts, there was a hierarchy of genres based on the amount of creative imagination required, with history painting placed higher than still life.
2. Historically, the five main fine arts were painting, sculpture, architecture, music, and poetry, with performing arts including theatre and dance. In practice, outside education the concept is typically only applied to the visual arts. The old master print and drawing were included as related forms to painting, just as prose forms of literature were to poetry. Today, the range of what would be considered fine arts (in so far as the term remains in use) commonly includes additional modern forms, such as film, photography, video production/editing, design, and conceptual art.
3. One definition of fine art is "a visual art considered to have been created primarily for aesthetic and intellectual purposes and judged for its beauty and meaningfulness, specifically, painting, sculpture, drawing, watercolor, graphics, and architecture." In that sense, there are conceptual differences between the fine arts and the decorative arts or applied arts (these two terms covering largely the same media). As far as the consumer of the art was concerned, the perception of aesthetic qualities required a refined judgment usually referred to as having good taste, which differentiated fine art from popular art and entertainment.
Origins and development.
4. According to some writers, the concept of a distinct category of fine art is an invention of the early modern period in the West. Larry Shiner in his The Invention of Art: A Cultural History (2003) locates the invention in the 18th century: "There was a traditional "system of the arts" in the West before the eighteenth century. (Other traditional cultures still have a similar system.) In that system, an artist or artisan was a skilled maker or practitioner, a work of art was the useful product of skilled work, and the appreciation of the arts was integrally connected with their role in the rest of life. "Art", in other words, meant approximately the same thing as the Greek word techne, or in English "skill", a sense that has survived in phrases like "the art of war", "the art of love", and "the art of medicine." Similar ideas have been expressed by Paul Oskar Kristeller, Pierre Bourdieu, and Terry Eagleton (e.g. The Ideology of the Aesthetic), though the point of invention is often placed earlier, in the Italian Renaissance; Anthony Blunt notes that the term arti di disegno, a similar concept, emerged in Italy in the mid-16th century.
5. But it can be argued that the classical world, from which very little theoretical writing on art survives, in practice had similar distinctions. The names of artists preserved in literary sources are Greek painters and sculptors, and to a lesser extent the carvers of engraved gems. Several individuals in these groups were very famous, and copied and remembered for centuries after their deaths. The cult of the individual artistic genius, which was an important part of the Renaissance theoretical basis for the distinction between "fine" and other art, drew on classical precedent, especially as recorded by Pliny the Elder. Some other types of object, in particular Ancient Greek pottery, are often signed by their makers, or the owner of the workshop, probably partly to advertise their products.
6. The decline of the concept of "fine art" is dated by George Kubler and others to around 1880, when it "fell out of fashion" as, by about 1900, folk art was also coming to be regarded as significant. Finally, at least in circles interested in art theory, ""fine art" was driven out of use by about 1920 by the exponents of industrial design ... who opposed a double standard of judgment for works of art and for useful objects".
Source: Wikipedia.