but for the last decade and a half the price versus performance does not correlate most of the time. Now a days it is more about audio jewelry and it seems that some of the prices are derived arbitrarily and have no correlation to part costs or design sophistications. On the contrary, some of the highest cost components now a days are based on simple circuits from the 40's and 50's.
Now there is a straight shooter. I suspect that you and Stereophile founder J Gordon Holt would be in total agreement on the above.
During the 60's cars went all chrome and wings and hub caps too...
When performance reaches "good enough" for most customers then differentiation often migrates to other features such as aesthetics or nostalgia or exclusivity (high price - limited availability)
Any ordinary watch is good enough to tell the time these days - yet we have nostalgic old world designs such as Rolex that are still popular and aspired too. It is indeed just "jewelery". A Zenith mechanical chronometer movement is an impressive design wonder that achieves mechanically something that can be done for five bucks with electronics. To me that is part of the magic of vinyl. Digital kind of kills this magic dead. But I have no silly illusions that a Rolex in anyway outperforms the best digital watch (in terms of time keeping accuracy).