I maintain my assumption that people with f**k you money buy this as a social status. They are either too busy making money or spending them than sitting down and listen.
I’ve never bought that argument.
For one thing, lots of these very high price speakers or statement speakers are not the kind of thing most people care about. The audiophile thing is a niche worn now than ever. I’ve been a many rich people’s homes and I’m always amazed… being an audiophile… at the lack of interest shown in the house for good audio systems.
There’s been a couple times where I spotted high-end gear, but when I had the inevitable conversation with the owner, the dude turned out to be clearly an audiophile like me, and we would enthusiastically geek out talking about audio gear.
Similarly, tons of celebrities have f-you money and you can see all sorts of celebrity home room tours with nothing showing or mentioned in terms of fancy sound systems.
The occasional time you do see truly high and gear, it tends to come with the revelation that yes, the owner is into that type of thing.
One obvious example would be Fabio and his gigantic Martin Logan system. Or Henry Rollins who is clearly a passionate audiophile with his big Wilson Alexandria speakers and big monobloc amplifiers. Elijah Wood he’s a big vinyl enthusiast with a horns and tube based preference. Jimmy Fallon uses high end gear. Clint Eastwood had a top-tier system. etc
Basically, I see rich people who would actually buy this type of gear as a niche and they are niche because they happen to be audiophiles and can afford these offerings.
On the other hand, I have heard about a different dynamic in the Asian market.
I’ve heard through the grapevine that some companies have been asked by their dealers to create more expensive tiers of their products, at the request of some of their wealthy clients. So maybe there is some sort of rich guy competition mindset going on there. I wouldn’t know just repeating some of what I’ve heard.
But I personally have not seen that dynamic among western wealthy audiophiles.