I can't agree with SteveAllen and some other posters that newer = better technology = more accurate reproduction.
Speaker technology has not changed that much since the 1920s. Manufacturing processes and materials may have, but even then it doesn't mean that a given manufacturer applies these new techniques.
My case may not be representative, but it may be instructive. I was heavily into audio in the early and mid- 1970s. Ended up with Tannoy Monitor Golds in big plywood boxes, Crown and SAE amplification and unremarkable turntable and cartridge.
Then spent many years moving around and travelling a lot and made do with nothing more than a clock radio. In the late 1990s, my finances started to improve and I decided to put together a decent system once again. Spent a lot of hours visiting various high end shops and found that the cost of good audio equipment had increased astronomically. Anyway, listened to a lot of $10-30K systems.
Eventually spent about $10K on 10 to 25 year old used equipment: Altecs from 1982 (604-8K), Tannoys from 1993 (System 15 DMT II), turntable from late 1970s (SP-10 MK II),
amplifiers from 1989 (Meitner PA-6i, MTR-101), etc.
Since then, I've heard a lot of systems in shops, at friends' houses, etc., but haven't heard anything remotely close to what I paid that, for me anyway, comes close to the musical enjoyment I get with my "old" technology. Plus I've converted several friends to high sensitivity coaxial horn-loaded speakers. Can you imagine dumping $25K Wilsons in favour of old coaxes that cost $2K including new cabinets?
It's a weird business. Main thing, though, is to enjoy the hobby and, especially, the music!
