Also got my attention, never saw or heard one.
https://reverb.com/item/94882992-margules-sf220-tube-preamp-20th-anniversary-black-edition
AI Quickie
The Margules SF220 is a stereo vacuum tube preamplifier celebrated for its rich harmonic structure, fast transient response, and low output impedance designed to drive both solid-state and tube amplifiers optimally. Reviews, including those of the 20th Anniversary (SF220.15) and Black Edition models, describe its sound as warm yet detailed, with a "yin" character that avoids being overly bright or rolled off while maintaining lifelike scale and stunning vocal presence.
Key technical features highlighted in reviews include a shunt power supply for improved Q damping and smoother dynamics, zero negative feedback circuitry achieved by strapping the input and output stages, and a separate internal power chamber to minimize noise induction. The preamplifier utilizes five 12AU7 dual triodes with a DC filament supply featuring active damping to reduce hum, and its frequency response spans 5-400 kHz with Total Harmonic Distortion (THD) below 0.014%.
Pricing and availability have varied over the years, with the 20th Anniversary model (circa 2015) listed around $3,500–$4,599, while the Black Edition (circa 2019-2021) was offered at approximately $3,700 and later seen on the used market for $2,295. The 30th Anniversary Special Edition was priced at $8,000 and contributed to Margules Audio winning the "Best of Show" award at AXPONA 2025, praised for its tangibility and rhythmic poise in high-end systems.