New vs. old DACs - opinions?


I'm on the market for a new DAC. I've noticed that you can find used DACs from, say, 8 years ago that are heavily marked down from their original price. I just saw one sell for $400 that was originally $1500, for example.

So, correct me if I'm wrong, but the progression of DACs seems very different from that of amps... an old amp, like McIntosh, is still highly competitive today... but it seems that newer DACs are more evolved, refined, and use higher quality parts for less money, right?

Another thought is - before DACs were as widely used as they are today, perhaps the mark-up was much greater in the past...? Where-as now, with the influx of foreign manufactured DACs, there is a healthy bit of competition that keeps prices down by limiting the manufacturer mark-up. Correct me if I'm off here as well.

So, overall I'm wondering if I would be better off buying something new like a Keces or MHDT DAC or finding something older that is heavily marked down.
djembeplay

Showing 2 responses by edpadden

Just bought a ARC DAC5 back from 1995. I've had all sorts of newer DACs including a PS Audio nuwave, the NAD M51 and many others. This old ARC absolutely kills the newer ones. So rich sounding and 3D. I'm hearing layers in songs I've never heard before. I had to buy a USB to SPDIF converter to use my Mac Mini with it since the old ARC doesn't have USB. I'm done playing around with newer DACs. 
I have had a lot of DACs over the years. To me, all $1000 DACs and cheaper sound the same. It's when you spend more that they start to sound like music and not cold digital. I just bought an old Proceed DAP DAC and it sounds amazing compared to anything at the $1K mark. I had to buy a USB to ST Glass Fiber to interface my PC but I'm okay with that. Locked right up and played beautiful music. It's damn good.