I've had a similar experience to the OP. I've been to 3 audio shows in the last few years and I have determined that it would take a huge amount of money to beat my current late 90's system - Thiel CS6 speakers, Krell KRC-2 and KSA 300S. These speaker are about 25 years old and when I come home and play the same tracks I heard at the show I sit there and shake my head in disbelief. Except for a very few speakers (MBL 101E Mk II or Von Schweikert Ultra 11's for example) my Thiels hold up against pretty much anything.
I have listened to rooms where the cabling and power conditioning cost more than my entire system and I wasn't impressed. BTW, I am lucky to have a large listening room but I haven't done any audiophile room treatment. I have lots of absorption and diffusion (book shelves, CD shelves, equipment racks, couch, chair, ottoman, desk, etc) and when I play a good recording the speakers absolutely disappear. I've had non-audiophile friends listen slack jawed and finally ask me, "how does it do that?"
I honestly don't think that the state of the art in playback has progressed much in the last 25 years unless you get into 6 figure components. There are a lot of wealthy people in the world who will pay big bucks for something that they can show off to their friends but an audiophile of modest means can put together a killer system for a reasonable amount of money.