What's the best and/or favorite piece of equipment you've owned? And do you still own it?


My favorite piece(s)  are  (and I still own them) the Martin Logan Ethos lousdpeakers and Soudsmith Paua cartridge.  As far as speakers go, electrostats are my favorite and will replace them with another set of electrostats.  I'm currently eyeing MUR Audio SP1's.  These two pieces make my rig sound great.  
polkalover
My favorite is my current two way system. A Klipsch K-402 horn with an 1132 driver on top of a self built bass bin derived from the Klipsch MCM 1900 MWM bass bin but built with a 108" throat. A single fold horn and it goes down to 27hz before it starts dropping off. Amazing headroom, presence and fidelity. It’s fun to watch the expressions on the faces of those who stop in to hear them for the first time.  The other important part is the Xilica XP3060 and it is key to making the horns sound right which it does so well.
SOTA Sapphire w/MMT arm.  I got it used in 1987.  I've changed &  upgraded & cross-graded everything else in my system more that a dozen times, but I've never felt the desire to change my SOTA.  Still love it today, and I'm always excited to plunk down some vinyl, whether it's an old average pressing, or a pristine Mo-Fi pressing.  
Tandberg 1055 receiver from mid-70s, manufactured in Oslo, Norway, it was one of the top receivers of the day;Scandinavia's answer to McIntosh. Was still going strong when I had it fully overhauled and upgraded 6 years ago. Visually it is almost dead mint. 
    It's powering my 2nd system. Love the looks, and  its not embarrassed sonically by the higher end separates in my primary rig when I've installed it there. Its always had a place in my heart.