A 50mm lens is supposed to be the affordable, essential starting point in most photographers' kits, the "nifty fifty" that costs a couple hundred dollars and teaches you to see at a natural focal length. Canon's RF 50mm f/1.2L USM is neither affordable nor a starting point, and after several months shooting it on paid portrait work, I understand exactly why it costs what it does, even if I can't recommend it to most people.
Wide open at f/1.2, sharpness in the center of frame is exceptional, genuinely some of the sharpest wide-aperture rendering I've seen from any lens I've used, with detail holding up even at that extreme aperture rather than softening the way many fast primes do until stopped down a stop or two.
Dual Pixel CMOS AF paired with this lens's fast, quiet USM focus motor delivers accurate focus even at f/1.2, where depth of field is thin enough that even small focus errors become immediately obvious. Tracking a subject's eye through a portrait session with the aperture wide open, I got a consistently higher hit rate than I expected given how unforgiving that shallow depth of field is to work with.
The bokeh this lens produces, and it's worth using that specific word rather than just "background blur," has a genuinely distinct quality — smooth, with minimal onion-ring artifacts in out-of-focus highlights that cheaper fast lenses often show, and a ten-bladed aperture that keeps bokeh shapes rounded even stopped down slightly rather than going hexagonal.
The control ring, a feature across Canon's RF L-series lenses, lets me adjust ISO, aperture, or exposure compensation directly on the lens barrel without touching a camera dial, and I've assigned mine to exposure compensation specifically for backlit portrait work, adjusting on the fly without taking my eye from the viewfinder.
Weight and size are real practical considerations. This is a substantial lens, noticeably front-heavy on a full-frame R-series body, and after a full day of handheld portrait shooting, the difference compared to a lighter 50mm option is genuinely felt in your wrist and shoulder by the end of the day.
At f/1.2, depth of field is thin enough that it demands real discipline in how you shoot. A portrait subject leaning even slightly forward or back between focus lock and shutter press can shift enough to soften the eyes, something that took deliberate practice to account for reliably rather than something the lens itself compensates for automatically.
Price, currently running well above two thousand dollars new, puts this lens in a category most photographers, myself included on most jobs, simply don't need. Canon's own RF 50mm f/1.8, at a small fraction of the price, delivers genuinely excellent results for the vast majority of situations where a fast 50mm is useful, and the gap in real-world image quality between the two is far smaller than the price gap suggests for most everyday shooting.
Where the f/1.2 version genuinely earns its price is for photographers who specifically need the absolute widest aperture available, extreme low light work, or a very particular, exaggerated bokeh character for a specific creative look. For a portrait photographer building a signature style around razor-thin depth of field and exceptional wide-open sharpness, this lens delivers on that narrow, specific promise better than almost anything else available.
My honest recommendation: try the f/1.8 version first, and only consider this lens if you've specifically identified a gap in your work that only f/1.2 sharpness and rendering can fill. For the narrow use case it's built for, it's genuinely excellent. For everyone else, it's an expensive way to arrive at results the cheaper lens gets you most of the way to.
I put this lens directly against Canon's more affordable RF 50mm f/1.8 on the same portrait session, shooting identical compositions with both at their respective widest apertures, to see honestly how much the price premium actually buys in real, practical terms. The f/1.2 version's rendering has a specific quality to how it separates a subject from the background, a smoother, more three-dimensional feel that's genuinely difficult to fully describe but immediately noticeable comparing the two files side by side on a large screen. Whether that difference justifies the price gap depends entirely on how much that specific rendering quality matters to your particular style and clientele.
Renting this lens before buying is genuinely worth doing given the price, and it's what I'd recommend to anyone curious rather than committing outright. A weekend rental was enough to confirm for me that the specific look this lens produces genuinely suits my portrait work style, but I know photographers who rented it, appreciated the quality, and still concluded the f/1.8 alternative served their actual business needs just as well for a fraction of the investment.