Robb Report


If anyone can take a look at this months issue....there are great pictures of a couple of very expensive  turntables and speakers.  I want everything advertised in this magazine.
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Inna, nothing in life is "worth" anything. Worth is what we as humans subscribe to.

Is a diamond worth thousands of dollars or tens of thousands? Is a rare Patek Phillipe watch $100k or more?

The market determines what people will pay for. In the case of the Veryron the car's rarity and extreme performance drive up its price.

One of our clients let us drive his Lamborgini which was a $200k plus car and frankly it wasn't that great, way too low, felt like a go cart, the interior was amazing it was a fun toy but in our mind his fully tricked out fully loaded Cadillac Henissey twin tubro was a much more exciting car and that car was nearly a 1/3rd the price of the Lambo.

As per a person wealthy enough to afford a $3.3 million dollar car many o of those people made their fortunes themselves.

Micheal Bloomberg is  a multi billionare, he started from scratch, our client who is worth over a billion, came over to the US as an Immigrant and worked his way up the corporate ladder. Mark Cuban made it also through hard work, so these people would view themselves as both being rich, smart, hard working and having paid their dues to get where they are.

The surprising thing in high end audio is how some of the really expensive things are actually quite expensive to make and their high costs are actually more valid 

Liamowen, we wouldn't be buying a $600k system and selling it for 1/2 its price in a year that would be stupid. Resale value and cost have nothing to do with anything, and the truly rare ultra statement products like the Naim Statement amplifiers and a pair of Focal Grande Utopia Evo III are almost never seen on the used market. 

So if you have even $400k in your pocket you are not going to find these items, nor would a dealer sell such a system for that price, you are going to pay close to $600k and that is that the person who can afford such a system is going to find out that certain expensive and rare items actually do sell for and cost quite a lot to accquire.

Good luck finding a pair of the current Focal Grande Utopia Evo III or a pair of Naim Statment amplifiers used. Most of the people who are spending that kind of money don't move willy nilly in and out of such items. they do their research, hear such a system, pay the price and buy it.

If we had that kind of funds available we would have that system on display it was extraordinary

Dave and Troy
Audio Doctor NJ






What has always seemed funny to me is that people who are massively wealthy need a magazine to know what they need to buy to, I guess, "impress" whoever people in that position need to impress.

Now, if you win the lotto and get $100 million overnight and you have been poor all your life and live in a shack, I can see where you might need some help spending it all, and evidently you will if the many reports of such things are true.

But, if you are a typically wealthy person, you probably fall into one of two categories:  inherited it over generations and you realize that great wealth brings both choices and responsibilities, or nouveau riche, which means you got it recently and are baffled by what to do with it, so you by a MAGAZINE(???) to help you acquire whatever you are told "rich" people need to acquire to do whatever it is you think they do:

"Hey, baby, we need to git onea these here million-dollar cars and eat dinner at this place that charges $5000 for lunch.  Grab your shawl and let's git a-movin'!)

Since I have lived in both Palm Beach and Boca Raton for the last 47 years, I can tell you a couple of truths:
1. (From Mom):  No matter how much YOU have, someone next door has a lot more.  Calm down.
2.  People who have massive inherited or new wealth are typically either working everyday to maintain their business(es) or working with charities to best support those less fortunate, which means pretty much everyone else on the planet. 

Finally, a story from my college roommate:  Driving down the street in Palm Beach one day on a visit, he saw Ted Kennedy coming out of their house in the North End.  My roommate could not get over the fact that he was driving a 5-year-old Ford station wagon--remember them?  I tried to explain to him that these people would no more buy a fancy foreign car or even a top-of-the-line American car than they would jump off a bridge.  They passed that phase 5 generations ago, and today are concerned with service and helping others.

I guess the Robb Report and Peak and so forth are read by "wanna-bees" and others like me who like to see nice stuff...and I am sure there are some mega-wealthy people who read them.  I doubt you would see such stuff in houses where the wealth is a responsibility and not a novelty.

Cheers!
Whoever doesn’t like to see super expensive turntables or speakers or doesn’t drool over super expensive Lamborghini’s or Ferrari’s or $5 million Alfa Romeos or Koenigsegg’s has no soul. 🧟‍♂️
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Ted Kennedy wind up in the drink again? An unfortunate choice of metaphor.