I looked at a 1914 Edison music box the other day. The seller is a young opera singer. He played a couple disks at 80 RPM. I stepped back and that rotating horn filled his living room. He told me that this was Edison's flagship model costing $250 in 1914 and only the very wealthy could have afforded it. Much of the vintage gear that I have heard was also at the upper level because it is good enough to have survived and continues to be coveted.
I think the conversation is getting a bit confused. Mr. Gregory mentioned the last 10/20 years. I then brought in a turntable that is 40 years old, so I took his point off track. The WE speakers and VOTT are even older than that. Rarity effects the prices now, but at the time, those Micro Seiki tables were very expensive and few were made, just like that Edison. The theater horns were for commercial businesses, but my Vitavox corner horns were for wealthy homeowners. I do not know what lower level audio products from forty years ago sounded like. To be fair to Mr. Gregory, we should look at more recent advancements, and with those, I think Lee has a point. Magico and Wilson and digital streaming and DACs may indeed have gotten better over this short period. I certainly upgraded my share of Pass amplifiers and preamps in the last 10/20 years. It turns out that I prefer the older Lamm gear.
The lower end stuff may also sound better over time, like Al M.'s Yggy DAC. One can assemble a good sounding system for $25K if choosing carefully and knowing how to set it up. Much more interesting to me, however, is whether or not the former best can approach the current best, in terms of sound quality. I think it can. And, we can see from the VOTT and JBL horn based systems with Garrard and other vintage tables that really good sound can be achieved from what was not quite the best then for not much money, and some think it sounds better than the same priced current gear.
It is only a matter of opinion, but marching forward technology may surpass the sound quality of what came recently before, but does it surpass what came 30, 40, or 60 years ago? And the fact that many think that old vinyl records played on the right front end, not necessarily even the best, still sound better than any digital. It makes one wonder.
This is What's Best Forum, and Lee is from The Absolute Sound. We are not talking so much about the lower tiers, but the really good to best. The fact that there seems to be little consensus about what that is, is fascinating to me, and something worth considering. Perhaps we should just embrace the idea that there are many options out there, at all price points, that people can buy and enjoy. In the sense that we have both the good and best of what came before, and many new products to choose from, plus old recordings and a plethora of new, cheap and easily accessible music, perhaps we are living in a Golden Age right now. We have choices.