Benefits of using expensive DACs are mainly:
- Placebo effect is real and works really well so you might perceive a better SQ where there is none knowing something is recommended in luxury (web)magazines/sites.
- Looks may be important for the owner to get enjoyment (feelgood effect)
- Knowing something expensive may be important for the owner to get enjoyment (pride of ownership,feelgood effect).
- Owning something 'special' may work wonders for someone (pride of ownership, feelgood effect).
- Most benefits go to the manufacturers, importers and retailers and are financial in nature.
- Very few manufacturers actually produce something that measures/performs objectively better. That does not mean it will objectively sound better too but maybe a reason to buy a product.
Feeling good about a product (knowing it is among 'the best' according to [insert reviewers/individuals one trusts] is an important part of enjoyment as is pride of ownership to some.
One gets some 'insurance' it does not get 'better' than that (within or even above their budget).
In a similar way as owning 'objectively good' and 'ASR recommended' gear kind of works (people buying on recommendations and SINAD for instance and buying something new the moment a device has a slightly higher SINAD or a good number one aspires but suddenly falls within budget.
In the end it is a 'dream' one buys. A dream our eyes/brains are perfectly willing to believe.