Question You're a millionaire

[Dom]

You're a millionaire, how much would you spend on Hi Fi?

 

[Dom]

I chose £10 thousand because it would be a pretty kick ass system and I think after that diminishing returns would apply.

 

[jjbomber]

A house and a pension fund make you a millionaire these days. My mate reckons you need £10million to have a millionaire lifestyle. Assuming the question means you have £1million spare cash to splash, I'd go for £50,000. Music is a large part of my life, so why not. Actually, if I added up all my systems at home, that's roughly where I'd be anyway.

 

[plastic penguin]

This type of thread has been done to death.

 

[Gray]

Buying the necessary detached house, here in the South-East of England, would use up well over half of the budget.
(Sadly, In an attached house, any more than 2-3 grand on hi-fi and you're effectively into diminished returns).

You're right Dom, £10,000 would get something very decent, but I voted for £50,000 to avoid limiting any component choices 🙂

I doubt even being a billionaire could turn me into someone extravagant enough to spend more than that.

 

[Dom]

I voted for £50,000 to avoid limiting any component choices 🙂

I don't believe that a system costing around £50,000 is actually worth it. Maybe the speakers but not the components.

 

[Dom]

This type of thread has been done to death.

Sorry.

 

[Stuart83]

It's all relative.

It depends on how much but if you have say 60m in the bank and a high regular income to match then 1m on a hifi is relative peanuts.

Outch it makes me wince saying it.

I'm not ashamed to say I'd go big.
Stupidly large horn loaded speakers maybe and a huge hall.

Now I know the value of room acoustics id be spending on that perfect room.
I know this as my bedroom/listening room strangles my hifi 😭

I love hifi that much id probably have different sets for different genres to boot.🙂

 

[Dom]

They say £25 million and your rich.

 

[jjbomber]

I'm not ashamed to say I'd go big.
Stupidly large horn loaded speakers maybe and a huge hall.

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[12th Monkey]

A house and a pension fund make you a millionaire these days.

Indeed.

Not sure I wouldn't find other ways of spending 'surplus.'

 

[Friesiansam]

How the hell should I know? Like most people, no matter what they say, I have no idea how I would react to suddenly having a £1m to spend.

 

[Friesiansam]

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Enjoy a hifi stereo system with the Super Dragon Hi-Fi Speakers from ESD Acoustic. Upgrade your sound system with the best full-range loudspeaker today.

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That’s silly! Although you do get more than a tonne of speakers, for your $900,000…

 

[plastic penguin]

Buying the necessary detached house, here in the South-East of England, would use up well over half of the budget.
(Sadly, In an attached house, any more than 2-3 grand on hi-fi and you're effectively into diminished returns).

You're right Dom, £10,000 would get something very decent, but I voted for £50,000 to avoid limiting any component choices 🙂

I doubt even being a billionaire could turn me into someone extravagant enough to spend more than that.

Yup, hi-fi would be way down on the pecking order.

 

[Kenneth Fernandes]

Post-pandemic there has been a rise in brick-and-mortar stores where one could audition different HiFi- setups from various manufacturers, including different Hi-Fi shows worldwide from the manufacturers themselves showcasing their products on display. Although, there aren't many dedicated Hi-Fi stores from reputed Hi-Fi manufacturers in cities, as one would easily find for other consumer electronics like smartphones. It would be wise to have auditioned before making a purchase based on the budget and also trade-in if eligible.

 

[daveh75]

Nowt... I'd be travelling the world!

 

[Gray]

I don't believe that a system costing around £50,000 is actually worth it. Maybe the speakers but not the components.

That's why I'd probably spend the bulk on active speakers.
I don't think a digital source needs to have too much spent on it.

 

[Amormusic]

I'd have a custom made acoustically treated big music room. In my new house that I'd buy. I'd also have dedicated and isolated power to the room.

In this would be a serious pair of floorstanders - I'd want to audition Art Impression Diamond Reference. I've owned some Arts before and they make stunning speakers.

These would be fed by a beautiful valve amp.

A seriously nice TT.

I'd keep my own phonostage.

Plus a very nice streaming front end.

I could easily overshoot £100k. The speakers alone would be a large chunk of that.

I'd keep my own system, as I'm very happy with it. That could move to the office, bedroom etc.

 

[twinkletoes]

I’d keep what I have and pay the mortgage off and invest the rest into property for a holiday let in places like Southwald, Devon and Cornwall maybe Norfolk

 

[Steve983]

In the spirit of the question, if I was a millionaire and could have a detached house with a music room I could blast away like crazy spending easily way less than £10,000. The law of diminishing returns and all that. However it would be more fun to have multiple systems and experimenting with getting vintage gear restored to create different branded systems from different eras and playing with different combinations. Months of endless fun if you're into that kind of thing...

 

[nopiano]

I don't believe that a system costing around £50,000 is actually worth it. Maybe the speakers but not the components.

£50k is the new £10k, hadn’t you heard? 🤣😉😛

Seriously though, having over decades built up a decent system, were I to replace it afresh with today’s equivalent it would go over £10k just with the speakers. Hence I voted ££50k.

 

[abacus]

A couple of HI-Fi cables and fuses and your already past a million, so not enough cash there

Bill

 

[Revolutions]

Yeah, £10k isn’t a lot once you factor in some seriously good speakers.

Maybe £20k on hifi, £30k on a specially built hifi annex.

it would be more fun to have multiple systems and experimenting with getting vintage gear restored to create different branded systems from different eras and playing with different combinations. Months of endless fun if you're into that kind of thing...

I love the idea of having a few amps & speaker pairs with a switcher. Or a vintage setup & a modern one 😃

 

[podknocker]

If I was a millionaire, I think I would have better things to do than obsess about HIFI, or spend my time posting stuff on a forum about what I'd do if I was a millionaire. I'm obviously not a millionaire. If I was a millionaire, I would listen to Spotify, on my phone, through my Sennheiser HD600 cans, when and if, I was so bored with the trappings of being a millionaire, which would be very infrequently, I imagine. Aspiring to owning a great HIFI is perfectly normal, if you love music and don't have much money. If you have great wealth, I think you have other priorities and other ways of spending your money. I doubt there are many millionaires out there putting expensive HIFI anywhere near the top of their things to do. I think I'd rather drive a Lamborghini Revuelto round Europe, burning £20k of petrol every year. Far more fun. The only way to fully enjoy your music is to have a really clean power supply (solar panels converting DC to AC) and making sure you are situated on a piece of land not susceptible to earthquakes, because you don't want that lovely vinyl to skip, to skip, to skip, to skip, to skip, to skip.

 

[jjbomber]

I’d keep what I have and pay the mortgage off and invest the rest into property for a holiday let in places like Southwald, Devon and Cornwall maybe Norfolk

Question was too difficult to understand?