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I'm a designer, so I am most impressed with high performance/price ratios like Adcom, although I can appreciate the elegance of some cost-no-object models like those from Ayre Acoustics.
Audio equipment prices range from dirt cheap to off-the-chart. How does price affect your perception of products?
I think there probably is a trend to better sound quality as one goes from cheaper to more expensive equipment. However, I think that, at a certain point (probably as low as $2000 for an entire system), room acoustics (speaker placement and other treatments) become more important. I've been able to assemble a system much more musically satisfying to me than many I've heard at dealer showrooms costing many times more. I think system matching is of the utmost importance. Well-matched mid-fi components can easily sound better than much more costly components put together without any thought.
At the lower end of the scale, price plays a big part! For small increases in price, you can gain big increases in quality. At the top end of the scale, you will pay big increases in price for small increases in quality. Therefore, I tend to purchase equipment at a price level where I know that paying more will not bring any major benefits. THIS WAY I GET THE BEST SOUND FOR THE BEST PRICE!
In the old cliche' of you get what you pay for is not always the case. I'll stick with my consumer reports on electronics that get more bang for my buck. I'm no speaker expert but I do believe the the more $ you spend on them you'll get better quality and performance. CD player's,well that's a different story. I think a hard of hearing Joe Satriani guy like myself couldn't tell the difference from a $100 player to a $500+ one that may play perfectly for 20 years.
The best is always expensive, but not the other way around! The stuff you hear about most is sometimes the most overpriced. People want *value*, not just fancy faceplates and big ads. I heard a story about a $5k amp that blew away a pair of well known $40k amps. Naturally hardly anyone's heard of the $5k amp. And if the politicians have their way, not many will.
And I also believe that not buying the "BEST NAME" electronics. Often more times than not, a simmarly priced product of a "not so popular" manufacturer, will often have better/more functions, and sound even better.. For instance, the Pioneer vsx-D309 receiver VS. the TEAC 8900.. The pioneer is $30 more, but the TEAC has MANY more inputs, and the rest of the standard are just about the same, (wattage, distorion, s/n ratio !!) That's my $.02 !! Afterall, do you think that YAMAHA, DENNON, CAVER, all started as huge companies ??
Generally higher priced do reflect better products but not always. Interconnect cables and wires are examples of prices that are not always representative of better sounds, just greedy manufacturers. Depending on how effecient a manufacturer is in producing electronics can reflect their end pricing and not how well it sounds compared to the marketplace. Speakers are also a mixed bag and the cost performance ratio is not in sync with the pricing.
People tend to think in linear terms. Unfortunately, audio pricing is very non-linear. It's more akin to exponential. So, buyer beware. My feeling is that the 'elbow' of the price/performance curve is in the $3000-5000 range. Above that the benefit gained isn't worth the dollars invested because the improvement is too small.
Due to the, assumed, honest and positive reporting by audio reviewers, I feel like the particular designer of a product plays a more important role in the quality of sound than the cost of the materials or profit included in the price. So, more often than not, I want to believe that price does not directly affect the quality of sound.
Althought there are many bargains in the world of audio (Creek, NAD, Arcam etc.) they still tend to be only slivers of what lies over the next hill; thus the audio obsession. Certain price ranges of equipment tend to be of the same quality but catering to differing trade offs. All are usually beeter than something from the next "range" down and less than what can be found in the next "range" up.
there is a definite relationship between cost and quality. But the variable is how you define quality: workmanship, performance, durability, etc. And of coarse there are companies that challenge the quality vs. price relationship. Happy hunting!