We report on the coherent excitation of the ultranarrow ^{1}S_{0}-^{3}P_{2} magnetic quadrupole transition in ^{88}Sr. By confining atoms in a state insensitive optical lattice, we achieve excitation fractions of 97(1)% and observe linewidths as narrow as 58(1)Hz. With Ramsey spectroscopy, we find coherence times of 14(1)ms, which can be extended to 266(36)ms using a spin-echo sequence. We determine the lifetime of the ^{3}P_{2} level for spontaneous emission of magnetic quadrupole radiation to be 110(31)min, confirming long-standing theoretical predictions. These results establish an additional clock transition in strontium and pave the way for applications of the metastable ^{3}P_{2} state in quantum computing and quantum simulations.