@2psyop is it not more ridiculous to overspend on something without getting the quality you paid for?
Depends on what is meant by ridiculous. Some goods are purchased precisely and deliberately because they are expensive. What you actually get, including quality, may not be predominate motive.
This violates normal micro economic theory and common observation, but may be sort of explained.
I think an important consideration in audio gear is that the price is a signal in itself of quality; this is not that unreasonable. No short-cuts or compromises have been made with those thick front panels.
The snob effect is well known. There are other reasons, perhaps overlapping (conspicuous consumption, brand name, made in America - which of course Schiit is, etc), but that is a taste.
In the meantime, it does appear ridiculous, I agree. My amp goes to 11.
These kind of goods have a name, by the way - veblen goods, and they are everywhere.