The challenge for Ayre's Charley Hansen was formidable. Having already designed a world-class preamplifier—the highly acclaimed $7100 K-1 (see Wes Phillips' review in March 1997)—Hansen set out to offer audiophiles "80 to 90%" of the K-1's sound and build quality at a price more of them can afford. Not that the new K-3 is a piece of "budget" gear. It's not. But at $4500, the fully loaded K-3, complete with phono section and remote control, is within reach of many.

The catastrophic February 6 fire at the factory where Apollo Masters produced LP-mastering lacquers—flat aluminum discs covered with nitrocellulose lacquer—will be old news by the time this column gets to you, but the repercussions of the loss will be ongoing for at least the next year and probably beyond.