I came across this very thoughtful video asking if magic is art. I think magic can be artful and it is definitely an artform. I wrote in my book The Art of Deception that true artists strive to evoke an emotion of wonder that lingers in the hearts and minds of their audiences.
The Sistine Chapel's ceiling is a work of art that is never forgotten once it is seen. That can hold true for a magician's performance that lives in the mind of a spectator until the day they die. I'm not saying a magic trick is on the same level of effort and skill as Michelangelo's work, but both products are capable of touching a spectator in a meaningful and special way.
Watch this video and come to your own conclusion.
Is Magic an Art Video