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The Acelec Model One speakers I'm auditioning ($6495/pair) are not princesses in pink, or frog green, or made of some chemically distilled polypudding. Nor are they conventional-beyond-reason MDF boxes covered with stick-on vinyl pretending to be wood. The Model Ones are squat, small, serious-looking, two-way standmounts. They are 11.2" tall, 7.7" wide, 11.5" deep, and 37.5lb heavy.

The most money I've ever spent on a pair of loudspeakers was back in the early 1990s, when I bought a pair of used TAD TH-4001 wooden horns and their associated TD-4001 compression drivers. The TAD horn's smooth, micro-resolved response was a refinement upgrade from my multicell Altec horns; plus, the TADs' French-polished wood looked radically less industrial than the soldered-tin, tar-filled 1005/288C horns they replaced. None of my horn-fanatic friends had anything sonically or...