$1000 upgrade budget- cdp or speaker?


My current system is centered around much tube rolled c-j cav50 integrated tube amp (45w per ch) driving a pair of BW cdm1 se on the Osiris stands. The front end is a Toshiba SD9000 used as a cd player.

Although I have enjoyed the combination for the last 5 years, I am thinking about the upgrade path now. For a budget of $1000, I am considering either to replace the Toshiba with well reviewed CD or SACD combo(used Apollo, Cary 308T, CEC, Sony SCD777es and others) or sell my speaker and go get a used pair of BW 805s.

The listening room is not large and I do not push the volume too much in consideration for the neighbor downstairs.

Any opinion or suggestion would be welcomed.
Thanks!
geneaia
IMHO, the money spent on a CDP is likely to have the least effect on the sound of your system, the money on speakers the most.
New (or used) CDP. And maybe some new interconnects, depending on what you are currently using.
Both. An Oppo 980 would be a great upgrade (and it is universal) at $169 and that should give you the budget for the better speakers.

I am the camp that thinks speakers have the most influence on the sound and the Oppo is excellent for the money. I use the Oppo for SACD and the occasional CD that I haven't ripped, but my main front-end is a Mac into a Benchmark DAC.