A person of great or fine repute is someone who's widely known and highly respected. The word has a stuffy feel, so you're better off describing a cellist as being of great repute than, say, a rapper or comedian.

Like the words reputation and putative, repute comes from the Latin word putare, which means "consider." And the re? Let's say that the cellist Yo-Yo Ma is widely respected. That means a lot of people consider him to be great. He's considered great not just once but again (and again and again).

Definitions of repute
  1. noun
    the state of being held in high esteem and honor
    synonyms: reputation
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    discredit, disrepute
    the state of being held in low esteem
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    black eye
    a bad reputation
    the reputation and popularity a person has
    good repute
    a person's reputation
    favorable public reputation
    type of:
    honor, honour, laurels
    the state of being honored
  2. verb
    look on as or consider
    “He is reputed to be intelligent”
    synonyms: esteem, look on, look upon, perceive, regard as, take to be, think of
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    type of:
    believe, conceive, consider, think
    judge or regard; look upon; judge
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