Definitely not. 'The Prestige' is a work of fiction. The story and its elements were invented to captivate viewers and take them on a fictional journey rather than being rooted in reality.
The prestige of a novel can be gauged in several ways. Awards it wins, the influence it has on the literary landscape, and how well it stands the test of time are all important. Also, if it becomes a topic of discussion in literary circles and among readers, that can boost its prestige.
The Prestige is not based on actual events. It's a fictional tale that takes the viewers on a imaginative journey. While it might draw inspiration from certain themes or concepts, it doesn't have a basis in true happenings.