Just wondering...

Sorry about the poor choice for the title but I just couldn’t compress my question into only a few words. I’ve been watching A’gon to find a good deal for a decent DAC in the $1K price range to improve my CD listening experience. As I look through the listings, I see DACs priced in tens of thousands - saw a Boulder 2020 with retail price of $32K listed for $15K. Probably an awesome bargain for somebody. To some degree I can understand speakers selling for crazy prices partly justified by their sound as well as their "furniture" value. I’m also sure a $20K pair of speakers will still sound incredible ten years from now. I can even sort of get amplifiers being a little crazy in price but they seem to last forever, at least technology-wise. I’m still loving my 35 year old McIntosh amp but can’t imagine using the same DAC even three or five years from now. What am I missing? Can a $32K DAC sound that different from a $1K DAC?