Where is the significant point of diminishing returns on hi-end turntable?


For those that don’t know me I am newish to this game. Yes, I believe this chase for perfection in sound reproduction is a game. There are endless variables affecting the sound of every system and 100x that in opinions on each of these variables. I love cool $hit as much as the next guy but I am looking for an analog rig and I keep getting drawn into the seemingly endless "what about this option that costs tons more?". I started with a $6 to $10K budget and now I am considering a $25K setup (Table, cart and phono stage) after talking to a local retailer. I will be blunt, I want to be that guy in the Memorex ad from the 80’s that is getting blown away by his system (my impression is he is overwhelmed by the amazing sound coming from that speaker not the volume). Now that I have acquired some pretty descent stuff I am spending 15 plus hours each week listening and really enjoying this hobby. I don’t want to have any regrets and just be marginally satisfied with my setup but where do I draw the line? Back to my initial question; what is a reasonable amount to spend on an analog setup to achieve the best bang for the buck? I may be somewhat unique in that I don’t want to constantly be upgrading my equipment, I just want to buy great products the first time that are very satisfying and spend hours listening to great music. I don’t want to be the guy always chasing the next great thing.
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Oilmanjojo has this in good perspective, imo. The question I would pose to you is: Do you hear the difference and is it meaningful to you? Then, does making that step from the $10k rig to the $25k rig still allow you to have a superb phono stage? Amp? Speakers? Cables? Or would you have build a BETTER sounding system overall by stepping back a bit on the investment in just this one part of your system?

Over the years that I've invested in this hobby, I've always found the investment to be a stair step process. I HEAR more of what's going on in the rest of my system as I upgrade in an area and then assess what will make the next biggest improvement. But I have always planned on DOUBLING the investment in each step up that staircase. Small incremental steps just keep shunting money down a tube that never stops draining cash but without providing material improvements in sound.

All this said, as Oilmanjojo suggests, "with 10-25K, you should be able to put together a reference vinyl system that will please for a long time. But there will always be something better."

But if you're making that next big investment, and if you are seriously committed to vinyl, then the best place to make that investment is in the turntable/arm/cartridge front end. What doesn't get extracted from the vinyl to begin with is never heard in the rest of your system.

I'll close with one final observation: The magic is in the details. Scrupulous attention to setup, to fine tuning, makes all the difference between superb playback and indifferent sound. You can often get far better sound than you ever expected if you really understand what is needed to finely tune the setup of a vinyl front end and take the time to do it. 
Good feedback gents. 

I see what you mean rushtton about identifying holes in my system. I need to improve my power cables next. Using all stock power cables except for one Ps audio 12 something or othe. Getting closer with each new component. Unfortunately I'm on 10x path versus a doubling but damn this is fun. 

Listening to the entire wall album now and drinking some fine red wine. Life is good. 
And I'm assured of a true reference setup from  the dealer. Clearaudio innovation wood, Benz cart and aestetix rhea Sig phono. It should match well with my new voxativ gear. Fingers crossed. 
Yes,i hear a difference between the $10 and $25 setup. Not 2.5x but that is diminishing returns at its finest.  Definitely better, just wondering where to stop. Almost sounds like there is no end game. 
Exciting move .. good luck i will kick back and listen . There are some serious tt in that price point . And alot of opinions ,quite a few guys here are in that tt range ..