However, that quickly leads to a blanket criticism that includes cars for $80,000, houses for a million, and watches for $40,000.
Speakers are speakers though, they serve a singular purpose and that is to make noise. Housing costs depends on where you live, cars provide more than one function, 40k watches are hilariously dumb and I'll mock those as well.
According to this view, all luxury is utter nonsense
No. That's a big conclusion to jump to. I suppose that would make sense if we lived in a world where there weren't products with comparable performance for much less. It would make sense if we didn't live in a world with all the audio research we have. The reality is the information exists out there for someone to see through this product for what it really is, a box with some drivers, as most speakers are. A smart educated consumer would know they can get the same end result for a fraction of the price and yet still end up with a luxury product. Luxury and practicality can go together.
Where exactly do you draw the line?
I draw it at function with a little form added with a price that doesn't say "my wallet is much bigger than my singular brain cell". When you have companies like Neumann putting out a Kh420 for a fraction of the cost of this, thing from AJ, I have to kind of wonder if people have learned anything from ASR. If you want something to be prettier than that, you have options there as well.
Again, I think things are just too far gone for most to see this and other silly priced speakers as nonsense. I mean the whole 'dart board' pricing model does seem to work, there is no shortage of people with lots of money and little brain power to throw at anything you can convince them to buy. I mean hell 30k+ could do a lot to help people, but humans don't seem to be wired that way, were wired to get shiny box that go bam bam to replace the other shiny box that go bam bam.
I don't really buy anyones arguements over why a speaker of this price is ok, because if I made a thread about REL sub recommendations, those same people would tell me they're overpriced. Just not a very consistent opinion on the whole price thing here. Ask them why REL is overpriced and they'll tell you various valid reasons, all of which don't seem to apply to whatever speaker that person happens to like. This is probably why stuff like this only sells to older folk, younger people even if they have the money think this stuff is pretty sad.