I'm sympathetic to some of Mr. Kessler's complaints, particularly about the ludicrous audio cable sub-industry. However, it's revealing that his essay does not mention the reason that I am in this hobby, which is the music.* Like HP and many others of us who have been in this hobby, I want the concert experience at home.
Despite being busy at work, I flew to Vienna with my fiancée on Saturday night to hear the Vienna Philharmonic, led by Herbert Blomstedt, perform Mozart and Bruckner at the Musikverein on Sunday morning. My system is not capable of conveying what I heard on Sunday, but, when I no longer have to live in an apartment close to my office in central London, I'll be able to assemble a system that can get me very close to the sublime, transcendent concert experience.
Most people don't share my passion, and that's fine. I don't care about prestige, Veblen goods, etc. That I went to Vienna for less than a day to hear a concert is a secret to everyone other than my fiancée, some close relatives, and those of you reading it here. I'm not interested in impressing anyone.
With apologies to Mr. Kessler, owning a Rolex, a Vacheron Constantin, or, God help us, a Breitling does not indicate a refined aesthetic sensibility. If anything, it indicates a strong sensitivity to vulgar advertisements featuring George Clooney and Hugh Jackman, or a misplaced obsession with imitating Steve McQueen.
A few high-end audio companies, particularly the McIntosh group of brands, are trying to establish high-end audio products as conventional, mainstream positional goods. Mr. Kessler seems to desire this trajectory for the entire industry. (Perhaps he, as an audio reviewer, wants the same kind of recognition that the hipster fellow who started a pompous luxury wristwatch blog has gotten.) Sadly, turning high-end audio devices into positional goods has nothing to do with bringing the listener closer to the experience of a real performance.
In this hobby, there are those of us who care about the music and those of us who want high-end audio to be another venue for signaling status. I hope to stay exclusively in the former camp.
* I've read a few of Kessler's columns over the years. If I were to judge by the records that I have seen him mention, I would guess that he does not have a very serious interest in music.