This guy laid a brick foundation...
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For me, it was at my friend Kevin's apartment. He had worked at a hifi store during the summers, and had built up a nice system. The turntable was a Linn, it was about 1980, but I am not sure of the details. I also recall that he had some big EPI speakers with large passive radiators to go with the woofers.
RE: Current Stereophile Poll -- What is the least amount you have spent on an audio component that produced music that made you happy?
1. Radio Shack Optimus CD-3400 Portable CD Player, $129.95 on sale at Radio Shack early 90s.
2. Rogers LS3/5A new in box $600 in early 80s.
3. Fisher 500 C receiver with original Telefunken tubes $1 yard sale. Upgraded to stiffer power supply and aircraft quality Bendix output tubes for $600 in 1995.
..into my cremation album, Dead and Monkey Gone To Heaven from Doolittle would have to be two of the tracks.
What about yours? 
A friend who owns a music business retailing musical instruments, mixers, etc and who rents & installs gear at concert venues thinks all audiophile tweaks are a form of insanity. He's sent me a cutting from March 2010 Hi-Fi news (www.hifinews.co.uk) which I've copied here as I think it sheds some light on a topic that's puzzled a lot of us for some time.
So, hoping I'm not breaking copyright law, I'll past the whole thing here for comment.
The Mains Chance
from the basement, and through a hole in the floor for his vinyl setup. OMG, radical!