Despite the good reviews it received in the British and American press, the initial release of Hunky Dory and its first single, "Changes", had limited promotion by RCA Records, who anticipated changes in Bowie's image. This meant the album did not have a major commercial impact at first and did not chart. However, the subsequent success of Ziggy Stardust and the Spiders from Mars in 1972 revived interest in Hunky Dory, leading it to reach third place on the UK Albums Chart. Over time, this work has been recognized as one of Bowie's most important, marking a turning point where he began to define his own musical identity.
The enthusiasm Bowie felt after his first visit to the United States was directly reflected in the composition of Hunky Dory. It was the first time an external experience impacted him in such a way that it modified his writing style and perspective. The album was recorded between June and August 1971, and featured a collaboration with Rick Wakeman on piano, shortly before he joined the band Yes.