Gazzip said:
The problem for me with this post and many like it is that they are always started by members who do not own and live with, and who have never owned and lived with, high end Hifi. Although I agree that one does not always get what one pays for in this hobby (as with any product centric hobby populated by obsessives trying to achieve their nirvana) it does not necessarily follow that anything expensive is a rip off/snake oil.
There seems to be little/no appreciation of the fact that what an item is "worth" is intrinsically linked to a buyer's wealth. The OP's £600-ish system would be as eye wateringly unattainable to some as a £10k system would be to the OP. To the OP the £600 outlay was "worth" spending to achieve his goal in the same way that £10k would be "worth" spending by those with pockets which go a little a little deeper.
Just because one is financially constrained and cannot personally afford to go beyond a certain level it does not follow that the bar is set by that level. Sorry if this doesn't sit well with any members' social ideals but such is life.
In engineering, it is a mistake to confuse quality and performance with cost. This is particularly the case with software where all the cost is development, it costs nothing to 'produce'.
For the electronic and (increasingly) software dependent systems sold in the HiFi world, the main driver of price is volume. If a system costs £100,000 to develop and you sell 100, then you have to charge at least £1000 just to cover the development costs. Sell 10,000 and you only have to charge £10 - same product, same quality, just driven by the volume.
The vast majority of the 'innards' of high end electronics are the same as much cheaper products. By paying up, you might get a fancy aluminium case to make your amp look better, but the components are the same ones, made in the same factory in Shenzhen, as used in an amp costing 5% of the price.
The above is not true to the same extent for mechanical systems, where the ratio between the cost of the components and the cost of development is more balanced. Paying more allows the designer to use better cabinetry, higher spec drivers in speakers, more precise and lower noise bearings in turntables and so on.
It is my guess that the high end HiFi market will become restricted to analogue amps, fancy speakers and turntables as manufacturers find it increasingly difficult to absorb development costs with the high software content in modern electronics.
The new Sonos play 5 has multiple drivers, multiple amps, multiple DACs, sophisticated DSP allowing room correction along with WiFi and ethernet capability for £430. As a guess, it cost less than £100 in parts and many hundreds of £000s to develop. There is no way a low volume, high end firm could produce a product like this, the development costs would make the price prohibitive.