Quote Originally Posted by audio amateur
I'm interpreting luxury goods in the literal sense, not economic the definition. In economic terms i'm interpreting them more as Veblen goods, of which cables are not, although they might be to some people...
What are "luxury goods in the literal sense"? And why would you (presumably) include a Rolex in that category and not a Krell or MIT Cables?

I think the issue is that expensive art, watches, cars etc... are generally regarded as status symbols... Whereas HiFi is no longer regarded as a status symbol in most countries... If it was, then I'm sure you all would accept extreme prices for cables the way you accept them for art and watches...