well considering cable lifters that cost likely less than a dollar to make selling for hundreds and audiophile grade bubble levels. yes i'd think that snob appeal plays a big part
Veblen Audio Goods
What audio brands Today are bought mainly for snob appeal, and could be classified as Veblen Goods?
Does the sale of Veblen audio equipment keep High End companies from a death spiral?
https://en.wikipedia.org/wiki/Veblen_good
Does the sale of Veblen audio equipment keep High End companies from a death spiral?
https://en.wikipedia.org/wiki/Veblen_good