How can a reviewer possibly put a value on a loudspeaker as costly as the Wilson Audio Specialties X-1/Grand SLAMM? When he reviewed Wilson's WATT 3/Puppy 2 system ($12,900-$16,000/pair, depending on finish) a few years back (footnote 1), John Atkinson said that it was "one of the more expensive loudspeakers around." The Grand SLAMM costs almost five times as much!
Really Big Hi-Fi came to live with me for a couple of months this past spring in the form of a pair of Tannoy Churchill loudspeakers. They were trucked directly to San Rafael, California from Kitchener, Ontario, in flight cases so bulky they could double as coffins for NFL offensive linemen. Once ensconced chez moi, the Tannoy dreadnoughts provoked bewilderment, alarm, curiosity, envy, admiration, awe, and amazement in all who heard and saw them.
I think I've finally figured out the secret of Stereophile's success. You, cherished reader, don't read this mag because it's chock full o' reviews of tantalizing audio gear (even though it is). And you don't read this mag because JA and RL strive so hard to keep the literary quotient as hi as the fi (even though they do). And I know you don't read this mag cuz trusting yer own sensory input is a mighty scary proposition indeed so you look to Stereophile as to a Holy Bible that eases your Earthly burden by telling you, Ah say Ah say TAILING YEW what to buy (do you?).
In this age of $70,000-plus "flagship" designs, perhaps $25k is no longer an obscene amount to pay for a pair of loudspeakers. Still, it's mucho dinero. What makes a speaker worth this kind of bread? Does the product's intrinsic value really warrant such a lofty cost, or is it merely a matter of pricing at what the market will bear? The answers to these questions requires careful examination of not only the speaker, but also of the buyer's own soul, priorities, and pocketbook.