Opinion

On the 20th of August, there will be an empty space - spiritual, if not physical - at the centre of the Royal Albert Hall. At time of writing, the replacement for Sir Andrew Davis had not been announced, but whoever takes on the task, I hope they keep the programme unchanged. Rather than fulsome speeches of tribute, this would be the most humble act to perform in his memory.

Early this past summer, I enjoyed dinner with an audiophile friend. While he puttered in the kitchen, I perused his hi-fi publications. Among them was a 2024 equipment guide, an incomplete but aspirational compendium of products currently on the market, and in a couple of cases, no longer produced but still in plentiful supply. The listings included hundreds of items - phono cartridges from US$99 to $20,000 each, and amplifiers and loudspeakers from a few hundred up to the purchase price of an exotic high-performance automobile.

Vinyl sales keep on climbing. They topped £177 million in the UK in 2023 – seven times higher than ten years ago. The figures come from ERA (which by linguistic contortion is short for the Digital Entertainment and Retail Association). ERA chief executive officer Kim Bayley couples the vinyl climb with ‘the remarkable return of HMV, now back in its Oxford Street home’.

A friend gets cross when I reckon that most IT is designed by engineers who don't think about the people who will use it. He says I shouldn't expect computers to work like hi-fi systems. Which is ironic because many modern hi-fi boxes are disguised computers reliant on networking, and they really need to be connected to a monitor screen because a strip display is only adequate for basic control needs.

Last month I touched upon the economics of audio – in particular, the unlikely possibility of getting back a substantial fraction of the money put into high-performance equipment. Long ago, the rule of thumb was that suggested list prices for high-end products were generally five times factory cost. That was when multi-tiered distribution was still the rule – manufacturers delivered goods to distributors, who in turn offered them to dealers. Distributors provided marketing assistance, employing sales reps who called on dealers, did demonstrations, and could intervene in the case of defective products.

Not so long ago the idea of a hi-fi system costing a million pounds would have raised eyebrows and hackles. Such systems might exist, we thought, but only in the secret hideaways of a few eccentric billionaires. But today you can have a good chance of hearing a million-pound sound just by walking in to a hi-fi show.