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Constellation Audio’s impressive system—Cygnus Media Server/DAC ($38,000), Altair 2 preamplifier ($78,000), and Hercules 2 monoblock amplifiers ($180,000/pair), as well as MIT cabling and Shunyata power treatment—fed the MartinLogan Neolith beauties ($80,000/pair) with enough power to make deep percussion sound real in the next room.

Now this was an interesting one. Just one room over from the expensive Constellation set-up sat extreme bargain-for-the-money Audio Alchemy, designed by the same man who oversaw Constellation's engineering, Peter Madnick. But since my beat was the high-priced spread, I turned from Audio Alchemy's great-sounding gear to the TAD CE1 loudspeakers ($24,000/pair), designed by Toru Nagatani (above).

His name was Thom Pahmer and he broke all my rules: It was 10am the first day of the show and I walked in to his empty room, I introduced myself, "Good morning. My name is Herb Reichert and I covering the lower cost part of the High End for Stereophile—and I am especially interested in stand-mounted speakers." Mr. Pahmer looked at me crossly and said, "These are NOT stand mounted speakers!" I pointed at what I thought was a stand and he says, "The speakers are bolted to them—it is all one unit." I asked about the retail price and he told me, $5500/pair.