I recently read an editorial that obliquely tackles this subject. The main point was who actually had a true reference as to what is a perfect reproduction. Many recordings are not venue specific. Those that are were made in the past in a place no one can revisit. So unless one is a musician what sets the standard?
Is it possible to find a good DAC for under $50, 000?
Apparently, the good folks at The Absolute Sound have you covered.
https://www.youtube.com/watch?v=nItR8Z6CCWE
(Audiophiles are never going to shed their out of touch reputation with journalism like this. I'm sorry, but it's just so tone deaf.)