The law of diminishing returns applies to most everything after a certain price point or engineering level. That is not unique to Audio equipment.
Thus, rehashing this tired statement feels to me meaningless.
Credit to the author of the article who actually in a structured way breaks down why digital to analog conversion is a LOT more than just the DAC chip itself. (Not to mention that some higher-end DACs don't use an off-the-shelf DAC chip at all, but use other D-to-A implementation technologies.)
But what does a statement like "A $20,000 DAC doesn’t deliver 20× the objective performance of a $1,000 DAC — physics doesn’t allow that. Shocking, I know." add to the conversation?
I think we all understand that a $300k Porsche does not go 10x faster than a $30k Subaru, nor does it cut down to 1/10th the time to get your dinner pick up order or get to the grocery store.
What else is new?