-The item has to perform or the money always goes to another piece in the audio chain that offers better value. That does not excuse my occasional poor decision, the intent remained the same. Everything below is my opinion only. So, preface all statements with ‘IMHO’.
-Speakers are the single most important component. Find (and it can take years) the sound you truly enjoy and then buy the size of speaker that mfr. makes that best fits your music room. I am a huge advocate of buying used for value; in the high end speaker market folks take care of their stuff (I could never have bought mine otherwise).
Long-term speaker listenability: Does the sound make me want to turn the volume up or down? And: How long can I sit and enjoy the speakers? It needs to be hours and hours. I have had amp/speaker combos that were hot-to-trot for fifteen minutes, and then, ouch. And a warm, non-detailed speaker stinks; it’s boring. I want resolution and imaging, treble clarity/sweetness, full timbre and body with bass.
-After speakers (and close) is acoustical room management. For me, in a beautiful living/listening room, (cuss all you want) that is the DSPeaker Anti-Mode 2.0 (yes, better ones, but $). It very effectively fixes bass nodes in the room, and makes the speaker sound much better afterwards. With DSP disengaged, even with my very best speaker positioning in the listening room, the openness and clarity get muddied up a bit by excessive bass nodes both in the room and some by speaker design, ugh.
-After those two items, I’d want quality amplification and source componentry but would always spend to realize the most audible bang for your dollar. I’d say good power amplification/pre-amplifier (or good integrated) then CD and/or digital front end. Some might advocate spending $9k upfront and $3k on loudspeakers. On an A/B pure blind test I’d say I can sonically blow that system away every time, and with going $4k on up front gear and $8k on speakers. My two cents, like I said. It’s all tons of fun.
-My stuff: Oppo BDP-105 (CDs and small memory/library), Rega Planar 3, Denon cassette, Denon tuner, W4S STI-1000 integrated, with DSPeaker in tape loop, Raidho D2, SVS SB-3000(1) and SVS SB-2000(2). For me, it’s the closest so far…