as i see it there is definitely a proliferation of nosebleed priced gear by many makers... i think it is in response, predictably, to the emergence of top 1% ers in society ... if one looks in stereophile or tas the top categories seems to be exclusively populated with just insanely priced gear
that said, in more affordable price tiers, there is also excellent choice of gear, and i would venture to say, more and better choice than ever, and that is where helpful forums like this come in, advice and experiences by real users who live in the real world of money shared openly
a great example i have recently put together has been maggie 17i’s driven by a hegel h190 amp streaming roon... a core computer, a decent network switch, an ethernet cable into the hegel, speaker cables into the maggies... so simple, not too expensive (less than 10 grand in gear at msrp, more like 5.5-6 grand used) and the sound is absolutely, simply superb...
another example is a system recently put together for a dear friend - classic spendor sp1’s, pair of older rel q150 subs, bluesound node 2i streamer into a nuprime ida-8 integrated w dac... 3500 in cost used, sounds just lovely, full range, played soft or loud
the existence and marketing of ridiculous nosebleed gear like $20,000 amps and $10,000 streamers and $30,000 speakers should not dissuade real audiophiles and music lovers living in the real world who still appreciate the value of wisely spent money