Magic and Loss is the sixteenth solo studio album by American rock musician Lou Reed, released on January 14, 1992, by Sire Records.

Reed's live performance of the album filmed on March 18, 1992, at Pinewood Studios in London, England, was released on VHS and LaserDisc.

[9] Magic and Loss was voted the 16th best album of the year in The Village Voice's annual Pazz & Jop critics poll for 1992.

Robert Christgau, the poll's creator, disapproved of the voters' support of an album he felt was a "failed concept" marred by Reed's uninteresting views on death.

[20] In a positive review, Greg Kot of the Chicago Tribune said that the album shows "a great rocker at the peak of his powers: Striking tunes, gripping lyrics, honest emotion stripped of melodrama.