I owned a wyred4sound DAC1LE femtoclock, well over $1k, sold it to play around with analog for a while, ultimately replaced it with an iFi DSD Black Label which far surpassed the W4S in SQ and flexibility. DACs are still changing rapidly and the quality one can get for under $300 is astounding, IMO.
Are DAC's overpriced?
External DAC's are pretty expensive imho... BUT I don't know that much on how to choose one. I want mostly cd's in my small two channel system... I am rebuilding after selling my Logans and Mac amp to go back to "drivers"! The Logans wore me out with Maintenance. Should I buy a new cd player or get a new DAC for my old player?