high end audio is an example of conspicuous consumption. i have heard of individuals who assemble expensive components to impress their contemporaries, without actually listening to them. such a "group" is probably very small, in comparison to those who listen to music.Are you saying that even the (larger) group "who listen to music" own their system for its status value?
Maybe that's not what you meant? As I said earlier, in my view a home audio system is a lousy choice for a status symbol. I mean, who's going to see/hear it except that relatively small group of people who will be invited into your home. . . . . . . so I don't think many people would own them for that purpose.
And for those who covet audio equipment as "bling", well I think it serves their own ego-gratification rather than a need to impress others . . . . . which I think can be a healthy thing if not taken to rediculous extremes (and we've all seen examples of that!)