Is there a ceiling limit on what you are willing to pay for an audio component?

When I first started reading the OP, I thought the right answer is “whatever your budget allows”. But then I read this, and was confused:

For me, I cannot see myself paying over $5K on speakers and likely not more that $3K on any other component.... even if I had the kind of money Elon Musk has.

I thought for a bit, and it hit me: it makes sense. I would not pay even a few hundreds of dollars on a designer handbag, even if I had the Elon Musk money. Because handbags are not my thing. Maybe audio is not YOUR thing?

So I guess we are now down to wanting to find out who are rich, super rich, less rich, somehow rich, poorer than rich and making ends meet. Too weird for me.

Again, money has nothing to do with sound quality.

If you really wouldn't spend more than you say even if you were wealthy, I would say yes, you're crazy. That makes no sense to me.

@baylinor I sense it's the opposite: who sets a limit regardless of their bank account based on what's the best value for one's ear