What about comparing the price of a good CD player that gives similar performance to a much much cheaper DAC?
The CD player is a complete playback system, a D/A converter is just the back end of it. I've got CD players here that will obliterate many separate D/A converters on the bench on 16/44 content.
Also the difference in price of a cheap Cd player and a decent one is huge as well, albeit not as great as some high end turntable/cartridge combinations but then again some spend $50,000.00 on a pair of speaker cables.
The trouble is, there are no longer large ranges of excellent CD players from the majors. There are entry level machines (cheap plastic junk on the whole) and obscenely priced aspirational models (where it all about aesthetics and audiophile buzz words). The high performance, value machines are gone.
The entire market has moved on, not for performance and technical reasons, but for perceived convenience and digital file compatibility from multiple sources. It is unlikely it will ever go back.
As pointed out earlier it's much cheaper to get into digital files if you don't have either a vinyl or Cd collection.
Absolutely true. Depending on the content you are buying. It's a bit hard to beat 50c entire classic album CDs at thrift stores however, isn't it?
My issue is, you don't own the files, they can be lost, erased and don't physically exist. CDs by their very nature offer a bulletproof distributed file storage, where if one fails, you don't lose the lot. They are not a target for thieves like your phone/laptop or NAS might be. They are ubiquitous and playable on a billion players across the world. The rights on the discs cannot be rescinded. You can sell them, will them, or give them away- something you cannot do with digital files (apparently legally).