What is the current retail cost of your reference system?

Approximately MSRP new , say, $65,000 +/- rounded …pre-tax …

integrated amp: $15000

cdp/ DAC : $15000

digital files player / streamer / network player : $5000

matched stablemate DAC for digital player $ 5000

fully rebuilt high-end FM tuner: $1000

speakers and stands : $9000

bespoke walnut stereo rack : $1500

ICs $5000

speaker cables: $6000

power cables $ 4000

Current system cost is approximately $140k broken down as follows:

Speakers - 16%

Preamp - 13%

Phono pre - 13%

Amp - 16%

Turntable and cart - 12%

Dac - 11%

Power treatment 2%

Room treatment 3%

Cables 11%

A lot of people on here are spending way too much money on equipment, 

Most of my equipment -  except for Magnepan 3.7i's and Technics SL1200 turnable - were bought used.  

The used equipment includes a Conrad Johnson amp, Apt-Holman preamp, and Marantz SACD player. as well as all used equipment in my second system, except for Magnepan 1.7i's.  

Spend as much or as little as you need to get the sound you desire. 

Main system 50K+, office system 22-25K.  Details on my Virtual System page.