@laoman @holmz Unfortunately, this is sometimes true. As a commercial real estate appraiser, I was chosen to appraise high value homes in 1986-7 in Malibu, Rolling Hills Estates, Beverly Hills, Bradbury, etc. I noted in another forum long ago about some totally ridiculous high end audio equipment poorly placed for the purpose of playing music but looking good. An example is a 30"' high entry foyer which could be a living room in Malibu with a pair of Martin Logan electrostats (Monolith model) stuck half-way up the walls facing each other, flush mounted in carved out balconies. I've thrown the photos away decades ago but that represents something wrong in a then $8 million home.
My cable manufacturing friend has lost many potential customers because when they find out the price of his cables, they say they could not be high end because they are too inexpensive.
Yes, some people equate price and/or brand name with quality. Some use their systems as to make a deliberate or pretentious display of their accomplishments and wealth. I've seen it (and several times suffered in hearing those systems).