There is a lot of diminishing returns for audiophile products.
You should be able to hear the difference between a $100 speaker system and a $1,000 speaker system.
But there are other things like room acoustics and stuff that can cause issues. If you put a really good system in a bad room I could imagine it would be harder to tell a difference.
$1,000 to $10,000 might be a lot harder to tell the difference assuming you sourced a good performing setup at each price point.
Same for MP3 vs Lossless, you could probably hear the difference between 320Kbps on specific songs if you know what to listen for but I doubt you can hear it on everything and you would have to concentrate pretty hard rather than enjoying the music.
You should be able to hear the difference between a $100 speaker system and a $1,000 speaker system.
But there are other things like room acoustics and stuff that can cause issues. If you put a really good system in a bad room I could imagine it would be harder to tell a difference.
$1,000 to $10,000 might be a lot harder to tell the difference assuming you sourced a good performing setup at each price point.
Same for MP3 vs Lossless, you could probably hear the difference between 320Kbps on specific songs if you know what to listen for but I doubt you can hear it on everything and you would have to concentrate pretty hard rather than enjoying the music.