Now, what is Art? If I had gone to Arlés a hundred years ago and bought a "clearly-non-academically-realistic, low-fidelity" picture from an unknown asylum patient, I might have ended with a Van Gogh.
I will not claim that the watercolors, quick-portraits, statuettes, hand decorated pieces... tourists (or anyone) buy at flea/artisan markets are (capital) Fine Art. But I won't claim it isn't either. I know many people who proudly have a quick charcoal or graphite picture/cartoon they got from a street artist prominently displayed in a wall in their house. Is that Art? Maybe not, but they love it as if it was a Michelangelo.
As far as I am concerned, "fine art" is "art for art's sake", i.e. things like paintings intended to be hung on a wall, as opposed to illustration, in which pictures explain or enhance books, posters or advertisements. Obviously, there will be some grey areas and overlap in between, and one is not better than the other (although I daresay that illustration often requires more technical skill).
And thus, your flea market watercolor landscape is fine art. It may or may not be "good", but limiting "fine art" to "good art" is quite meaningless.
Back on topic: I don't know what the future holds for us, but I feel certain we are only scraping the surface of what is possible. Nobody thought Van Gogh's work was worth anything at the time, but he (and many others) changed completely how do we see and interpret Art in ways nobody had thought before. There is still a lot to come. Even with AI and all that.
Well, we'll have to see whether society will remain interested in human-made art. There will probably soon be AI "paintings" available which are printed in such a way that they have "brush strokes" etc, making them sort of indistinguishable from human made paintings. In the current art market, the very fact that machines can churn them out is precisely what will make them largely worthless, and putting them on your wall would be like decorating your home with prints of Elvis on velvet, i.e. not exactly an upper class thing to do. In the current market, what makes an original painting valuable is precisely its scarcity and uniqueness.
But it may be that a new generation of people will come to see art as a commodity, and simply not care about uniqueness etc. For them, a cheap printed "painting" will work as well as an expensive original one. Or better yet, a screen on the wall with a slideshow of AI-generated imagery.
There is no way to predict which way humanity will go; we are currently tumbling down the weirdest rabbit hole in history. But the notion that original works of art are uniquely valuable has been with us for a some centuries now, and is thus "Lindy"
en.wikipedia.org
Anyway, AI art taking over the market will not end human art any more than AI chess computers have put an end to human chess playing, or helicopters have ended human mountaineers.
All those STEM folks laughing might soon find that they are not as immune as they thought. Already a good deal of code is written by AI, and problems in mathematics, unsolved for centuries, are being solved by AIs. I.e. that degree in math might soon be worth about as much as a degree in art history.
Not that this will deter humans who are interested in math any more than AI art is going to put an end to my sketching. The real question is what humans are going to do once no one has a job anymore, but that puts the discussion on the dangerous road to politics.
