System Cost, Real & Theoretical:
My Actual System
I was curious to see how much it would cost to replicate my current internet-streaming-only audio system with new identical equipment and services, so I did some current price research and calculations. See the system description at post
#10 above. This assumes you already have a house and a suitable audio room, of course.
Internet service: $122 a month for 1 Gig service. ($50/month will get you at least 20 meg service, probably more. While I have the 1 Gig service, I don't need that to stream 24/192 Hi-Res audio and 4K video simultaneously. 50 or 100 meg service would do nicely. The maximum data download for 24/192 files I've seen is less than 10 meg per second.)
Qobuz: $130 per year.
Roon: $830 for lifetime service
Blue Jeans ethernet cable: $100
Blue Jeans Speaker cables: $150
Benchmark interconnects: $100
Lumin X1 streamer/DAC: $14,000
Amps: AVA DVA M225: $3,400 a pair
Speakers: Graham Audio LS8/1 Signature Edition: $10,000/pair
GigaFOILv4 + Keces P3 LPS: $1,200
Skylan Speaker Stands: $650
Salamander Archetype 20-inch equipment stand with extra shelf: $600
A/V Room Service EVPs (20) for mechanical isolation: $2,000
Alphasorb 4-inch-thick acoustical foam, 128 square feet: $2,500
iPad system controller: $500
Caig Deoxit Gold: $50
Electrical: installation of 2 dedicated 20-amp circuits, 2 P.I. Audio UberBusses, 1 P.I. Audio Buss Depot, P.I. Audio modified electrical outlets, custom 100-foot run of ethernet cable: $6,000. (The P.I. Audio equipment is no longer available new.)
Bright Star Audio isolation bases: $500 if they were available new. The company no longer produces these items.
This totals to about $42,500 for purchases. That's about what I paid for my last new car purchased in 2020, a top-of-the-line Mazda CX-5.
To that, add the yearly Qobuz service ($130) and monthly internet ISP service ($50 to $122 a month).
You can save almost $10,000 off this total by substituting the Lumin U2 Mini + Benchmark DAC3B from the recommendations below for my Lumn X1.
If you have an existing iPad, or even an iPhone, you can save the $500 specified for the iPad controller.
If you already have adequate internet service for serving up high-res audio, you don't need to spend anything additional on that.
The $830 for a Roon lifetime service contract is optional. I rarely use Roon (sonically, the Lumin App is better, I think), but since I bought it, I still have it and it's easily available with my Apple Studio desktop computer acting as the Roon Core.
If you are already subscribing to Qobuz streaming, you don't need to add any extra cost for that service.
The electrical tweaks were unusually expensive for my old house due to its plaster wall construction and fire-stop horizontal stud lumber within the walls. My two dedicated outlets cost $2,000 to install and the ethernet run was another $1,000. P.I. Audio is out of business due to the owner's hand arthritis preventing any further custom electrical assembly work. I don't have a recommendation for substitute electrical power cleaning/filtering.
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Theoretical $20k+ System
My actual system is quite pricey, even for most audiophiles. But note that this price included everything needed, including room treatment, vibration isolation, and electrical power filtration--all the accessories I currently find helpful to sonic quality, in other words.
There are of course examples of absurd price-no- object pricing in audio, as in autos, watches, cigars, boats, and most every other hobby you can think of. But if you are not bitten with the upgrade bug and are content with what you have, you can just ignore items aimed at those with more money than sense.
On the other hand, one fun and perhaps useful exercise is to every once in a while come up with hypothetical audio systems which meet various budget points while maximizing your personal view of best sound.
I think that many here would agree that a good audio system is as important to you as a good car. If you are willing to pay $20,000 for a car, you might thus be willing to pay at least that amount for a home audio system.
These days, you can start fresh with an internet-streaming-only system. That is really the high-value modern way to great sound, together with allowing access to more program material than you could ever hope to buy. If you simply must have access to personal music files not available from Qobuz, just add some sort of server, which can be "free" as part of your music files accessible through your Roon Core or otherwise as inexpensive as a USB-attached solid-state drive for $200 or less. Forget analog and forget digital discs and their players.
Yes there is a yearly expense for Qobuz, but you probably have decent internet service already and you certainly don't need internet speeds in excess of 100 meg/second to stream 4K video and or any audio stream out there, simultaneously. Thus all you need extra is the annual cost of a Qobuz subscription, about $130 a year, about the same as buying one CD a month, while Qobuz gives access to millions of albums.
For amplification, even my latest choice of a pair of AVA DVA M225 Class A/AB monoblock amps with 225 watts each is only $3,400 a pair. But I'll leave it up to you to choose whatever Class D amp built around the latest darling module you think is powerful enough. I'm sure you can do much better, pricewise, with something like that.
For your streaming source, for a bargain, I'd suggest the Blue Sound Node ($600). For more money but close to the best sound, I'd suggest the Lumin U2 Mini streamer ($2,400) into a Benchmark DAC3 B DAC ($1,900). No preamp necessary with either choice.
For speakers, consider the Wharfedale Linton, for under $2,000 a pair, a bargain, I think. For more money, your choice of offerings from Graham, Stirling, or Harbeth. Don't forget to audition the Wharfedale Dovedale if you can in the $7,500/pair range.
Add a pair of speaker stands from Skylan and you won't be sorry. Equipment stand from Salamander Archetype. Wires from Blue Jeans Cable or Benchmark Media.
I currently think that much of the stereo coherence and overall goodness I hear from my Graham LS8/1 speakers comes from having most of the sound come from a single bass/mid driver with the crossover up around 3.5 kHz. The larger models of Spendor/Harbeth/Graham don't do that. Those larger models have crossovers in the 400 Hz to 1.8 kHz range.
What you might want to look for, in other words, are models in the Spendor BC-1 "lineage," such as the Spendor SP1/2, Stirling LS3/6, Graham LS8/1, or Harbeth SLH5plus HD.
I don't think my Graham LS8/1 speakers need subwoofing in my small room. But if you want to add subwoofers to fill out the bottom octave with any of these speakers, I'd suggest at least trying running any of these full range and just supplementing the bottom end. I'd also suggest using a quartet of subs to maximally smooth out the bass end via subwoofer room placement without the need for adding complex electronic equalization. The Stirling LS3/6 + AudioKinesis Swarm worked very well like that in my small room. Another subwoofer possibility is ordinary powered subwoofers. A friend I trust says his pair of Spendor SP1/2s (which he purchased recently in excellent condition for just $900 for the pair) mated with a quartet of powered SVS 3000 Micro subs arranged per the suggested Swarm placement works very well indeed in his room.