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A correction. The Parasound Halo JC 3 phono stage is projected to retail for $2000, not $4000.
Part of the reason was the cabling: a full complement of Nordost Valhalla cabling, augmented by the Thor power distribution system and two extra special Nordost Odin power cables. Other contributors were Parasound's Halo JC-1 monoblock amplifiers ($9000/pair), Halo JC-2 preamp ($4000), JC-3 prototype phono preamp (projected retail $2000), and D-200 universal player ($1500 when last available). For vinyl, let's not forget the ClearAudio Champion with a Grado Blue cartridge and something else in Marc's hard-to-decipher scrawl ($2820 total). Genesis balanced interconnects and speaker cables were also in the mix, as was an unheard until recalibrated pair of Velodyne DD-12 subs ($2500 each). Oh, and don't forget the Analog Export Ultimate Record Cleaning Solution ($2495).