Senn HD600 headphones = what Speakers?

I have a HD600 and Merlin VSM speakers (2nd hand for around 3k). The HD600 does not even come close. In other words a 2.5k pair of speakers should outperform your headphones hands down.

Depends on your source material, associated components, and room. I have 600's, real nice cans. I have two systems that sound better, but they ought to given the price differences

It definitely depends on what you use to drive your headphones or the room speakers. The HD600 really begin to shine with even a relatively inexpensive entry level amp such as those produced by Headroom. Room-speaker interations are also a factor that make comparisons and generalizations difficult. Properly driven, few speakers under $4,000 (even if they are optimally driven, and set up properly in a decent room) will surpass the headphones.

I use an ASL MG OTL headphone amp. I replaced a new production Sovtek 5751 with a NOS cryoed Mullard 12AU7 yesterday and really opened up the Sennheisers. If you want the sound of the Sovtek 5751 you could get a pair of Meadolark Kestrels. If you want the sound of the cryoed Mullard 12AU7 you'll need Merlin VSM-Ms.