In all matters, not just audio equipment, I am perfectly willing to pay top dollar for a superb product. However, I look to the quality of the product first, and worry about the price afterwards. I never begin my search for quality by evaluating the most expensive items.
One factor that can drastically affect cost is new technology. Recent examples are DVD players that have caused development of inexpensive high speed 24-bit DACs, and digital power amps that deliver results previously obtainable only at 4 to 5 times the cost. I don't think it makes sense to pay an exorbitant price for a gold-plated version of yesterday's technology.
Many high end audio products are well built and good designs, but carry a huge price tag because of the very small number of units manufactured and sold. If you buy one of these what you are paying for is exclusivity, not performance. People will pay more for a Volkswagen if it has a Porsche nameplate.
One factor that can drastically affect cost is new technology. Recent examples are DVD players that have caused development of inexpensive high speed 24-bit DACs, and digital power amps that deliver results previously obtainable only at 4 to 5 times the cost. I don't think it makes sense to pay an exorbitant price for a gold-plated version of yesterday's technology.
Many high end audio products are well built and good designs, but carry a huge price tag because of the very small number of units manufactured and sold. If you buy one of these what you are paying for is exclusivity, not performance. People will pay more for a Volkswagen if it has a Porsche nameplate.