Agree. But I also feel that like cable makers, DAC designers try to pretend they have some sort of magic potion or fairy dust that they have discovered
and have reinvented the wheel. You cannot change the basics...DAC chips, filers, analog output stages, power supplies..everyone has the same
ingredients, it is how they are assembled.
DACs have no moving parts and it is hard to justify some of the prices we are seeing, except for the fact that these prices create a mystique.
Andre,
If you want to dig in the connection between DACs design and performance you have to separate the marketing and the technical aspects - and as far as I have seen no designer will ever tell you enough to allow you separating them. Do you really know why the Marantz's you are enjoying so much sound so good?
Surely some products create a mystique because of their price - but if you have a top system and room, you will find that the performance of some top DACs, unhappily very expensive, is really something special. I have listened to only a very few in adequate systems, but recognize that they were a fundamental part in the performance of the systems where they were inserted. Replacing them with cheaper units would downgrade the performance of the system.