Are audiophiles still out of their minds?


I've been in this hobby for 30 years and owned many gears throughout the years, but never that many cables.  I know cables can make a difference in sound quality of your system, but never dramatic like changing speakers, amplifiers, or even more importantly room treatment. Yes, I've evaluated many vaunted cables at dealers and at home over the years, but never heard dramatic effect that I would plunk $5000 for a cable. The most I've ever spent was $2700 for pair of speaker cables, and I kinda regret it to this day.  So when I see cable manufacturers charging 5 figures for their latest and "greatest" speaker cables, PC, and ICs, I have to ask myself who buys this stuff. Why would you buy a $10k+ cable, when there are so many great speakers, amplifiers, DACs for that kind of money, or room treatment that would have greater effect on your systems sound?  May be I'm getting ornery with age, like the water boy says in Adam Sandler's movie.
dracule1
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Asp307, why are you so hurt over the term filthy rich? It doesn’t carry the negative connotation to me as it does to you. It seems only some of those who have more money than what they know what to do with get offended. I would love to be filthy rich and wouldn’t care if someone used that descriptor.

I have described in detail why I don’t think expensive cables are not worth their price. Perhaps you should read my comments again. But I will list them again.

First, the raw materials needed for expensive cables are easily obtained, are cheap in the quantities needed, and are few, namely metal wire, connector, and dielectric. How expensive is copper or even silver wire that goes into an expensive 1 meter of IC or 8’ feet of speaker cable? I hope you don’t start getting into monocrystal wire debate. Cost of most dielectric is almost nothing.

Second, the engineering of expensive audio cables is not sophisticated compared to amplifiers, DACs, speakers, although cable manufacturers will claim a lot of unproven BS. In contrast for example, there are cables used in some components of high energy physics particle colliders (eg, CERN) that do require sophisticated engineering and manufacturing and are probably expensive for a reason.

Third, markup of expensive audio cable is probably the highest in the industry for no good reason. If you can provide a good reason, please let us know.

Fourth, there is no consistent evidence published or otherwise that expensive cables sound better than inexpensive ones, coat hangers excluded (Watts you’re precious.). I with other audiophiles have conducted blinded AB testing, and there has never been consistent preference for expensive cables ($5k+ speaker cables and ICs) over relatively inexpensive ones ($300-$2k). I do find differences in sound among cables, but price has never been the consistent factor.

Fifth, manufacturing of these expensive, highly marketed audio cables is cheap compared to most high end gear. They can be made in miles of quantity by machines. Actually, I think some of the more boutique, one man operations spend more time hand making his wire (hand polishing the wire, making and applying the dielectric by hand, etc).

If you are to claim value is in the eye of the beholder, then I got a $10,000 umbrella stand I can sell you.

So now my turn. What is your reasoning behind justifying the cost of $10k ICs and $50k speaker cables? Have you done blinded AB testing and found consistent evidence that expensive cables sound better than inexpensive cables? I would love to hear your response.
I too have trouble understanding how a power cord can have the same list price as a Honda Civic. On the other hand, if someone wants to build them and someone wants to buy them, so be it...
Me too jl35. But if there are fools who want to part with their money and scammers who prey on fools, so be it...
The social and psychological content of this and several other threads going on now are fascinating.  drac, your post below is one of your most thoughtful in this thread.  The recent cultural disdain for folks who have accumulated wealth seems to have replaced what was once respect, then envy.  Sure, some inherit their wealth but many others are some of the hardest working people I know and many started with nothing more than an idea, fearlessness and perseverance.   Without the wealthy to drive our economy, who is going to provide jobs?  The government certainly cannot do it all since they are funded by all of us.  It would be interesting if the folks who complain about high-priced cables actually took a close look at what the government does with the money we pay them.....talk about waste and lack of value.  
To your question,
What is your reasoning behind justifying the cost of $10k ICs and $50k speaker cables? 
I would say, why do they have to be justified?  While I am happy with my WE wire from ebay, I have no problem with others who believe a $10K pair of interconnects, or a dozen $150 fuses, are necessary for their audio enjoyment.  I agree with jl35, 
if someone wants to build them and someone wants to buy them, so be it...