Sure. If you create something from an idea in your head, whether that is original or a copy, and it provokes an emotional response, then you're creating art.
The difference between craft and art is really just verb/adjective. You craft a piece of art.
Whether or not you consider it or feel like it, it's down to the beholder to decide if its beautiful art or not.
I think we undersell ourselves too much and have mostly forgotten that many people can't even contemplate how we manage to play an open E in time with the rest of the band. Something we see as easy and everyday, really isn't to your average person.