@atmasphere The Veblen effect you mention is certainly a very important aspect when it comes to high end audio. I have spoken to several manufacturers who have told me outright that they are required to either a) have a high price on their wares or b) increase the price across their range, in order to appeal to a certain type of buyer. This has nothing to do with the value, and everything to do with the marketing- and their rep’s insistence. Problem is, for those folk, who I count myself one of, the actual ability to acquire the piece and truly enjoy it is diminished. Additionally, the consumer who shops solely on price is likely to get tired quickly of their acquisition and always be unsure of what it is that they bought...another er, psychological, effect. Happens in a number of hobbies and endeavors, unfortunately this one being one of the most prevalent .
BTW, there is a well known US amp manufacturer who has recently just about doubled his pricing across his range, due to exactly what you describe. His just acquired marketing manager is behind this..same exact product, now twice the price...in order to appeal to his hoped for new audience!!
BTW, there is a well known US amp manufacturer who has recently just about doubled his pricing across his range, due to exactly what you describe. His just acquired marketing manager is behind this..same exact product, now twice the price...in order to appeal to his hoped for new audience!!