I would like to address the conflation of audio conspicuous consumption with other similar acquisition-based hobbies, such as mechanical watches.
I know a lot of watch collectors, being one myself. One of them is an audio industry executive, but a lot of them are wealthy. I don’t know a single one who actually believes that there is any functional advantage to a high-end watch compared to watches of much lower cost. But they do appreciate craft, which is an aesthetic attribute as much as it would be for art or jewelry. And they appreciate the cachet and exclusiveness of brand value. They just don’t usually justify that based on timekeeping performance.
Watch collectors at the deep end of the pool also acknowledge that they are making a lifestyle expression, just as their wives are doing with their Hermes handbags, and just as their buddies are doing with their Ferraris. There is no illusion that these expensive watches keep time better than a $75 Fossil quartz watch. Very few of them actually believe that wearing a Rolex Daytona makes the opposite sex think of them as Paul Newman. That’s the sort of hobby where the only justification needed is wanting it and having the money. Some can’t control their acquisitional impulses and get into trouble, but that is a different problem altogether.
But the audio industry isn’t selling craft, because craft can be objectively observed and measured. And they aren’t selling artistic aesthetics as the primary justification for a high price, even though it is certainly a secondary feature. They aren’t even selling luxurious exclusivity. They are arguing that one spending that much is getting better performance, even though the technologies used to design them are ignored as being inadequate to evaluate them. This goes beyond conspicuous consumption into a grand deception that isn’t just buying into a luxury image. It’s the sort of thing that would (and did) attract the FTC back when they did stuff.
Again, ASR stands in the breach. That said, many people here have fabulously expensive audio systems. They just aren’t deluded into thinking they are measurably better just because they are expensive.
Rick “it’s the cynical lying” Denney