Michael Fremer

Even as the gulf narrows between the sounds of the best solid-state and the best tubed amplifiers, most listeners remain staunch members of one or the other camp. Similarly, when it comes to video displays, the plasma and liquid-crystal technologies each has its partisans, though that conflict's intensity is relatively mild, perhaps because video performance, unlike audio, is based on a mastering standard that establishes color temperature, gray-scale tracking, color points, and the like (I'm deeply in the plasma camp). But in audio, the "standard" is whatever monitoring loudspeaker and sonic balance the mastering engineer prefers, which makes somewhat questionable the pursuit of "sonic accuracy." Still, in a power amplifier, a relative lack of coloration is preferable to amps that Stereophile editor John Atkinson has characterized as "tone controls"—usually, if not exclusively, of the tubed variety.

In the early 1970s, Stereophile's founder, J. Gordon Holt—a man I used to describe, with all due respect, as having been clothed by the haberdasher to the homeless—said that Audio Research's SP-3 tubed preamplifier was "the closest thing available, in fact, to the ideal straight wire with gain" ie, it would amplify the signal without editorializng in any way. Back then, the SP-3 cost $595. Today it would cost around $3500. But TAD's C600 dual-mono, solid-state, balanced preamplifier costs more than 10 times that: $42,000.

I knew nothing of Ypsilon when I first saw its products in a room at an overseas audio show. Even though the speakers in this system were complete unknowns, I was convinced that it was the electronics that were responsible for the magical balance of what I was hearing. That was confirmed when I reviewed the VPS-100 phono preamplifier in August 2009 and PST-100 Mk.II preamplifier in July 2011.

The Wilson Audio Specialties Alexandra XLF costs $200,000/pair. So does a Ferrari. Perhaps if Wilson Audio Specialties sold as many pairs of XLFs as Ferrari sells cars, the price might drop. For now, $200,000 is what you pay.

Can a loudspeaker possibly be worth that much? Add $10,000 for speaker cables, and that's what I paid for my first home in 1992. Today, the average American home costs around $272,000, which is likely less than the cost of an audio system built around a pair of Alexandra XLFs.