what is craft : collect

I have recently been to the V&A’s Out of the Ordinary craft exhibition, and the Craft Council’s Collect - 'an art fair for contemporary objects' - also at the V&A…

The following questions came to mind:

what is craft?

and

where does craft reside in relation to art?

Is the craft of say ‘knitting’ the same as the craft on display in these exhibitions?

In the exhibitions, I experienced no sense of ‘I could do that’, we were in awe of the skill and knowledge involved in the creation of these objects.