I generally keep all of my equipment for a minimum of 5 years.
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To this day, all of my equipment decisions have been based around an early 80's melco turntable,sumiko THE ARM, and Koestsu rosewood with either the ARC sp-10 or mfa luminesence preamp as my reference.Kept my otl servo amps from the original acoustat X now extensively modded to drive the 2+2 panels which are still in use.
My trusty JVC 1050 zn CD player highly praised by the Absolute Sound in 1990 and rightly so. Used as a transport. There may be much better, I'm sure, but with my Bel Canto DAC 1.1 I am satisfied enough until I can get over the fact that I am going to have to dig deep to best this combo by a substantial enough margin to bite the bullet.
My Linn is from 1980. I suppose it is a little like the farmer with his 23 year old hoe. He changed the handle 8 times and the blade 5 times. I changed the arm twice and added all the other tricks. But my new cartrige every four years really keeps the thrills coming. Then there is my coal fired amp...
I recently added an Acoustic Research 202 to my system.
Purists will hate it because it interferes with the EQ'ing similar to a loudness button, but I have found (as have several reviews, including Stereophile's) that it is a welcome bonus to any system adding a more 3d/holographic sound to everything.
I now have one running in my car as well.