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Magic and Loss is the sixteenth solo studio album by American musician Lou Reed, released in January 1992 by Sire Records. A concept album, it was Reed's highest-charting album on the UK Albums Chart, peaking at No. 6.
Magic and Loss was originally intended to be primarily about themes of magic after hearing stories about magicians in Mexico. However, when tragedy struck during the writing process, Reed expanded the album's focus to themes of loss and death as well. Inspired in part by the illnesses and eventual deaths of two close friends, Magic and Loss was written for songwriter Doc Pomus, who had given Reed his start in the music business some 25 years earlier, and a woman Reed has identified as "Rita", popularly assumed to be Rotten Rita, who along with Reed was a familiar figure at Andy Warhol's studio, the Factory, in the mid-to-late '60s. Photographs of Pomus and a woman's face can be seen at the center of the lyric booklet included with the CD release.
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