Turntable cost:benefit


I read the new Garrard 301 review in the current "Stereophile" with great interest, especially as my father owned one which he jettisoned decades ago...most unfortunately. Anyway, appealing as the re-issue is, the cost is punitive, as noted by the author.

With that preamble, I'm interested in forum members' thoughts on the cost:benefit ratio of a high priced turntable for a modest vinyl collection. In my case, that's around 800 LPs. Another reason I'm curious is that I have a friend who simply "decided to get into vinyl" and bought a ~$15k turntable plus a comparably priced tonearm + cartridge. He owned zero vinyl at the time of the purchase. Now I think he has about 20 "audiophile" pressings to enjoy on that TT.

To answer my own question, I can't justify a turntable at that price level for my own vinyl collection. Actually, I can't really summon up a compelling argument for such a purchase. Plus, I'm quite content with my  VPI HW-19 Mk 2 (though a better cartridge would be attractive).

Assuming disposable funds are not the absolute deciding factor and other components in your system are good enough to support a high end TT, what size record collection do readers think justifies a turntable costing over some arbitrary (say around $3000 for the purposes of argument) threshold? Is that even a consideration?
kacomess
Yikes! I just posted this "poll" merely as a "food for thought" item! It's certainly elicited a variety of interesting replies, all of which are appreciated.

I've been acquiring vinyl records since ~1965 and I'm relatively (more-or-less) happy with my current setup. On the other hand, high-end equipment and/or financial donations will be sincerely welcomed; gratefully and individually acknowledged; and (even better still!) applied in-full by me to acquire your recommended and preferred system upgrade(s) :)
If you actually listen to 800 lp's, I say that you can justify any amount of money. The issues are what you can afford and what you want to spend (I think that these two are different).

I have a few thousand lp's and I concentrate on bang for buck. Consider the best bargain in high end: the Trans-Fi Terminator air bearing tonearm. I use one on my conventional belt drive TT, and another one on my more exotic air bearing TT. My opinion is that until you have heard an air bearing TT, you haven't really heard vinyl.
So the only sensible cost/benefit ratio should be found in a well considered balance of the quality of the source material and the playback equipment. 
THIS......

I'm afraid that a person who advice you to use any cartridge with Elliptical stylus like your Sumiko for 1500 hrs know nothing about stylus life span and the difference between stylus profiles such as Elliptical (one of the cheapest and simplest) and advanced profiles like MicroRidge and related. Only Micro Ridge can be used for 1500 hrs while the Elliptical profile will be dead after say 500 hrs top ! 

If it easy to check. Just learn a bit about life span of the styli, it depends on diamond profile. 

If you're using your Sumiko for more than 500 hrs you will damage your records soon or already damaged it. How come anyone can expect 1500 hrs from an Elliptical profile? Even Shibata can't be used for such a long time. 
Kac, cost benefit ratio was what I was taking about. You want the most performance for your money and don't feel like spending $60K on a phono set up like most of us. So, you look for the point of diminishing returns. Somewhere between $10K and $15k (I am talking about turntable, tonearm and cartridge) there is a steep cliff in performance for dollar. The equipment I suggested is right at that point not only in performance but usability. You can put this turntable on a flimsy  card table and it will work fine. You can get it with a dust cover which for me is a critical issue. Put a conductive sweep arm on it and you have a record playing system of the highest caliber. 
As far as records are concern 800 is quite a lot as the vast majority of music listeners have none. Be it records, files or CDs having a lot of music is fun. Listening to the same music over and over again is boring. When you have a big collection there are always records that you have not listened to for a while and especially if your system has evolved it is always fun to listen to older records and discover that they are actually better than you remember.