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The M50 is not for head-fiers and wasn't designed with us in mind. It's a studio phone with a head-fi following. If you have a studio, then $150 is not a big deal. Now they may have raised prices just to see if they can because of the holidays and might leave them that way until the new year. People were paying $150-200 for these on head-fi 2 years ago. And I disagree that there are better options even at $150 or $200.
there are better option depending on preference on what you like. At that price, they be up even with the price of such as srh840, 750dj, some beyers, and the lower denons or a little more even the d2000 if you have an amp already. I'm sure it can some what hold itself against these guys, but it would be as such of a great value to performance ratio. You don't usually see people recommending the M50 over these guys very often unless price is an issue. This is just what I been noticing. If you see someone requesting something good for under $200, the M50 is not really what they recommend.
That's only because people vastly underestimate how good the M50 is, and because of the idea that $100 cans can't complete with headphones twice the price. The Denons are in many ways crappy basshead cans in comparision to the M50, with their recessed mids, slightly boomy bass and lack of treble, so I don't see why the M50 isn't better than the D2000 if you are not a basshead. The DT770 is even worse, I wouldn't recommend it over the D2000 in the first place. The SRH840 is a much closer fight but I'll still give the edge to the M50 for its more balanced sound, although I think many will prefer the SRH840 for the detectable cable, stronger mids and more comfortable pads.