Not really. Drive a Honda Accord then drive a BMW 550i (Which is under $100k). Nothing arguable about that and very easy to measure performance differences on a track.
I'm on the same page as Gene. When I compared my new Emotiva ERC-2 CD player to my previous Levinson unit the differences are stark. The ERC-2 tries to be high-end looking, and its electrical performance is very good, but in terms of design, fit and finish, and overall refinement there's no comparison.
On the Levinson everything is custom designed for the unit and absolutely top quality. Even the control buttons are machined and anodized aluminum. On the ERC-2 they are chromed plastic. Emotiva used a similar black-finished aluminum faceplate to the Levinson, but the shaping and finish of the entire cabinet is in a different league altogether on the Levinson. The entire top and sides of the Levinson are a single machined piece of aluminum.
The ERC-2's CD mechanism is a clunky slot-loaded computer unit that makes a lot of noises and takes a long time to load and unload a disc. The Levinson has a CNC-machined drawer that opens and closes with a hiss.
And the Levinson is 15 years old, and used SOTA technology of the day to sound better than anything available, IMHO, like huge and pricey Ultra Analog DACs. The ERC-2 is able to take advantage of recent VLSI designs that make even better performance available for $15 each in volume.
The rest of the ERC-2 is a bag of parts by comparison to the Levinson. The remote control, for example, looks impressive, being machined aluminum and all, until you compare it to the Levinson's, and it looks and feels cheap. The display is blue-green color like in a GM truck, and doesn't match the other LED colors. The Levinson uses expensive dot-matrix LEDs. The list of differences is very long.
All of that said, the ERC-2 cost me $369 new, and the latest replacement for my Levinson is $15,000. In the Levinson's defense it also plays SACDs and acts as an very nice digital pre-amp with a precision analog volume control, but for $15,000 I suppose it should do a lot of things. Like last forever, which it probably won't.
I also think the ERC-2 is an amazing value. I think the ratio of parts cost to retail price for the $369 I paid for it must be very good. Perhaps record-setting for a volume supplier. I honestly don't know how Emotiva does it. Does that make the Levinson a bad value? I don't think so. If you want an engineering work of art, and $15,000 doesn't mean more to you than $500 means to a lot of people, then that's what it costs to get that level of refinement. Yes, the Emotiva also plays CDs, but I can't say I have much in the way of pride of ownership with it, like I did with the Levinson.