Honestly, while I enjoy the event of live music... as has been stated by others, the acoustics of most "live" events are not good. Frankly, my stereo in my man-cave sounds better than most live music. More immediate, better tone, more clear, easier to hear nuance. Usually, amplified live music is pretty harsh sounding and often played through systems that are not that good in large venue with poor acoustics.
Now, some acoustic jazz... in a proper setting --- or a small chamber group in a proper setting... no stereo can match that. But, amplified rock, blues, and even many symphonic ensembles all play in a context where the live event is not as good acoustically as is a good recording in a good room on a good stereo.