While I do agree that there is a lot of ridiculous stuff sold in the audiophile world, not everything is totally stupid.
I have had the priviledge to spend some time on listening sessions with audiophile equipment in propper rooms.
I too came with the preconceived idea that 10.000 Euro speakers are bullshit, as well as 5.000 Euro valve amplifiers.
To make it short: for the first time I HEARD how bad an ipod sounds, when connected to a propper audio equipment. I had brought it along with "my" songs and after one or two I resorted to CD's...
Same goes for mp3 with up to and including 128 kbps. It sounds lousy against a CD. And yes, I can hear that.
At 160 kbps upwards I cannot distinguish the source (CD or mp3), except on special occasions when I am hinted to pay attention to given details. Different people do have different perceptions and you can train your ear. So I am not defending the impossible - i.e. mp3 at 320kbps will be undestinguishable for most people, except people with exceptional hearing and propper training. Many audiophile would disagree, but I think that would be bullshitting.
But the really overwhealming difference for me was to experience familiar songs in a way, where I could hear details I never noticed before. Also, with a propper setup you can locate each instrument in space. All of this gives you an experience as if you were entering the stage where the music is being done. Great listening experience!
After some time I got used to this sound quality and I started for instance to notice how aweful the sound is at many live concerts!
Now to the "audiophool":
Because I am neither rich nor an audiophile willing to sell his car in exchange of an amplifier and speakers, I got my own stereo out of eBay components. Vintage audio from the 70ies and early 80ies is pretty cheap, but probably produces the best sound per buck.
The best of my systems has cost me about 250 Euro and uses a PC to reproduce music (over an Audio Fidelity DAC). The sound is pretty good and beats any modern system based on iPod stuff hands down.
So what do you get if you pay 15.000 Euro instead of the 250 Euro I spent?
First off, you get something new and don't have to repair, clean or exchange cracking potis...
Then you get a much better sound. Imagine having a FullHD 42" LCD and then you move over to an 84" 4K screen playing native 4k material. That is the difference. Is it worth the price tag? That has to be decided by yourself.
And if you spend 15.000 Euro or more (I have listened to one setup with a 100.000 Euro price tag), you need a propper room to benefit from the sound. And then you need matching furniture: a comfortable couch, etc. And after spending this fortune, would you the buy cheap speaker cable?
Also, audiphile equipment in this price range is to be considered art - it doesn't only sound great, it looks great, too. It has the signature of the brand and engineer who developed it. Hence why there is a market for speaker support, cable support, etc. You wouldn't put a cheap frame on an authentic Renoir, would you?
Much is indeed nonsense, but not everything. I recommend that you seek an audiophile store and ask for a listening session. Serious stores will be happy to let you sit and listen for an hour or so, helping you through your preferred bands. Listen to the sound and enjoy. Relax and never mind if some components (monster cable) are silly: at a given price, nothing matters.
And after spending one hour listening to Pink Floyd's Dark Side of the Moon, try to listen to this same album on a modern 200 Euro system.
Audiophile stores are happy to let you listen to their setups because they rely on making people familiar again to great sound - I was never refused by any store. And they won't be agressiviley trying to sell you anything.
Regards,
Vitor