This document presents a new method for photorealistic image stylization. The method has two steps: 1) A stylization step called PhotoWCT that transfers the style of a reference photo to the content photo. 2) A smoothing step that ensures spatially consistent stylizations by reducing artifacts in semantically similar regions. The key aspects of the PhotoWCT method are that it uses an encoder-decoder network with unpooling layers instead of upsampling to better preserve spatial information, and it runs in closed-form instead of optimization-based like other methods. Experiments show the method generates higher quality stylizations faster than state-of-the-art techniques with fewer artifacts.