I am going to eat my words now. I said that I have not heard any DAC substantially better than my under $3k Schitt Yggi+ OG (discontinued). I have compared it to 3 other DACs at $10k, $15k, $20k. I always chose the OG with price being a factor.
Yesterday my friend let me take home a DAC he reps. It is a tube DAC with an ESS chip made in the East. Now I am not a stickler for tubes or ESS DACs, though I have no issue with where a DAC is made. There are geniuses everywhere. My friend is such an audio genius, and I learned today that he was a consultant in the design of the DAC I had in my home.
By all audio measures this new DAC was substantially better than my incredible Schitt Yggi+ OG. The DAC cost a ridiculous $24k and I only took it home because my friend said it was the best DAC he had heard. I have so much respect for his audio acumen that I go with his opinion without asking questions.
The price is not affordable, but I am now going to save up for this DAC.
BTW - If you are in Los Angeles. The DAC I have now will be returned so that it can be played at CanJam Los Angeles this upcoming weekend.