Doug and Swapmwalker,
Your comments are always welcome so no need to apologize, especially after the thread took a wayward turn anyway.
I definitely agree. I also think Swapwalker made a good point regarding objective criteria in the high-end car industry vs. a more subjective nature of the high-end audio industry in comparison, which I think also applies to other luxury products you mentioned. The prices commanded can be for the most part explained by the laws of supply and demand, and further categorized by easily verifiable criteria such as diamond cut, clarity, color; Rolex model and materials used; same for Ferrari and other exotic makes; manufacture quality of a bag, etc. Sure the brand itself commands a premium, but the brand signifies top quality and performance, which can be more objectively verified than in the audio industry. I think therein lies the "problem." Nobody will question whether a Tiffany ring is worth $20K with the necessary certificates, but you'll surely see many who will tell you a $20K amplifier sounds like crap. As Swapmwalker noted, objectivity is not something we can easily employ in this hobby.
Your comments are always welcome so no need to apologize, especially after the thread took a wayward turn anyway.
I still believe there's something special about audio that brings out emotional responses like few other subjects.
I definitely agree. I also think Swapwalker made a good point regarding objective criteria in the high-end car industry vs. a more subjective nature of the high-end audio industry in comparison, which I think also applies to other luxury products you mentioned. The prices commanded can be for the most part explained by the laws of supply and demand, and further categorized by easily verifiable criteria such as diamond cut, clarity, color; Rolex model and materials used; same for Ferrari and other exotic makes; manufacture quality of a bag, etc. Sure the brand itself commands a premium, but the brand signifies top quality and performance, which can be more objectively verified than in the audio industry. I think therein lies the "problem." Nobody will question whether a Tiffany ring is worth $20K with the necessary certificates, but you'll surely see many who will tell you a $20K amplifier sounds like crap. As Swapmwalker noted, objectivity is not something we can easily employ in this hobby.