I think in decades to come this might be considered Refn's best film.
Even though my personal favourite film of his is Drive, I have no problem in calling The Neon Demon his greatest artistic achievement in film. Everything that was great in his other films is multiplied here: utterly gorgeous cinematography, a hypnotic and thrilling score, a shocking and unpredictable story told in a somewhat abstract nature, and plenty of symbolism and metaphor.
While Drive was a very straight forward and accessible film (for Refn, at least), The Neon Demon is so out there and balls-to-the-wall insane that there are several parts of it that I know will always stay with me and leave an incredibly strong impression. Add to that the movie's very dark sense of humour and I think this will become a classic for a new generation of arthouse lovers.
Usually I refrain from calling recent films "classics", but I feel that The Neon Demon at the very least will be considered Refn's best film (assuming he doesn't make another film better than this, which I'm not sure he will). It's the most daring, the most uncompromising and the most hypnotic of all of his films, even if I find Drive to be the most enjoyable and accessible of his films.
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Delicious - http://imgur.com/50eSH9o