A challenge: Reference system from 15yrs ago

I've always interested in learning about what was around during HiFi's heyday. I propose a challenge, hopefully I can learn a thing or two about older hifi in the process.

The challenge:

Build a system using components that are 15 years or older that could compete with today's absolute state of the art if possible. The components can be upgraded (new cap's for amp's) modded (for digital or analog setup's) and re-coned speakers and drivers. There is no price limit in gear. Simply put the price of yester year and today's blue book value. Most importantly have fun, cuz I hope to read about some classics.