You know, Viridian is correct.
I have a buddy who collects watches. I wear a Tag Heuer I bought 2 years ago that to me seemed nice enough. But my buddy buys watches that cost many multiples of my Tag's purchase price, just to have them. Of course they all do the same thing: Attempt to accurately display the current time. And it gets funnier- some of the more expensive watches he owns are quite inaccurate next to my "inferior" Tag. He of course points out it's about the craftsmanship, not just accuracy. Sounds like tube versus SS arguments to me!
My point? Your opinion about the excesses of others depends upon your interests. I love watches, but one Tag will do for me. I will however drop several grand on a piece of equipment without a second thought if it will help me enjoy my music more.
To each his own!