In my opinion, the speaker is by far the most important part of the audio system. After all, it is the only part you hear. OK, the other stuff really matters a lot, but without a great speaker... No go.
I am a bit 'speaker-obsessed' I guess, and now I am wondering: What are the best speakers you have ever heard, and what made them the best?
Heard some top-end ATCs yesterday. $16K per pair is a little out of my price range (although that does include a power amp in each box). That said, these were the most incredible speakers I've never heard. I mean "never" heard. I felt like Count Basie, the Roches, Leo Kottke, were playing in the room for me. Astonishing! (thanks, Chris, for the audition!).
I dont really have alot of experience listening to higher end systems, but from my experience wihtout a doubt the best sounding speakers are Definitive Tech's BP300TL.
Analogous to best wine/beer/food/etc.. you ever tasted! I don't think it's worth an answer because it depends so much on personal preferences, atmosphere, mood, occasion, etc...
The best speakers I ever heard was a cheap pair of bookshelf Fisher speakers on top of my old bed while I was making love the 1st time to my then-girlfriend! I can't repeat the same experience with the much more expensive MA Studio 6 with the same person anymore ... Sad ..
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