I received an email from Upscale Audio this morning stating that Klipsch is raising prices on the Heritage line 15% across the board on September 1st. This is on top of the 10% Heritage price increase that took place back in June.
In other words, when I bought my Cornwall IV speakers back in November 2020, the MSRP was $6K/pr. On September 1st, I believe Upscale quoted the new MSRP as $7588/pr. As you can imagine, the price hike on the more expensive speakers in the line is even more severe.
What gives? COVID resurgence and “inflation” isn’t sufficient explanation for a 25%+ price increase year-over-year on an existing model. Or maybe it is, but if those are the real reasons, shouldn’t we expect prices to drop once supply catches up? I love my Cornwalls, and I’m a dedicated Klipsch fan through-and-through, but this latest price increase puts a bad taste in my mouth. Quite simply, it feels a little like price gouging, especially coming so close on the heels of a previous significant price hike.
What do you folks think?