A couple comments. The nouveau riche would not buy a $60K Linn… they wouldn’t get it. They would buy something flashy.
The Linn 50th, is say $15K for nostalgia. There are folks for which this makes sense.
Yes, arbitrarily marking up an high end item has a limit. Let’s say you marked it up to $100K… it would get trashed in the professional journals, and they might sell one or two. Loosing money on the effort, and jeopardizing their reputation. Companies that have stood the test of time do so by being careful and making sure the performance / cost ratio remains positive.
I have had the privilege of buying some “luxury goods”, and the thing I walked away with was that the performance / cost ratio was always much greater than I expected. This is the key to pricing items. For instance I had to decide between another Toyota Avalon or a Lexus. I chose the Lexus. Holy cow, the benefits so outweighed the $10K it wasn’t funny. Luxury goods that do not outperform die… except for watches for some reason.
And then there are the @noromance types that have old stuff and think it doesn’t get better. We all have our journeys. My experience had been that audio components have improved leaps and bounds over the last fifty years. And Linn has put in the engineering effort to bring that to their sound quality. A friend of mine is restoring an old Garrard. I am looking forward to hearing it. My experience to date has been that newer stuff of audiophile quality sounds better.
Who knows, maybe I will be talked into buying an old 1960’s turquoise clock radio because of it;s great sound.