I first brought up the DaVinci in this thread as a suitable price rival to the Nagra. But now I look at it more closely, it's not stacking up so well:
Based on the Euro prices, the Nagra HD DAC should be roughly £18k in the UK including the basic power supplies. On the evidence so far, there is no compelling reason to go for the enhanced supply or isolation platform from a purely SQ point of view. Although some may find the 4-way power supply more convenient, and the isolation platform certainly "bigs up" the very petite Nagra look. Incidentally, the HD DAC is deeper than the other Nagra components, so it would go at the bottom of a stack.
It's hard to find a UK price for the DaVinci. Two years ago the PCM-only version cost £18k, i.e. it follows the depressing typical high end trend of US components costing almost the same in £ in the UK as they do in $ in the US, despite the 1.6 currency exchange ratio. Even if there's been no price rise in the last two years, that still makes the PCM+DSD version around £28k. Sorry, that's out of my price range even if it turns out to be way better than the Nagra.
If buying in the US, the price difference would probably narrow considerably; And if buying outside of Europe or US, it would be somewhere in between.
Other factors in the comparison:
The DaVinci is MUCH bigger and, with it's rotating top, it more or less demands to be placed on the top shelf. But at least you don't have to find further space for any external power supplies.
Also, as far as I can tell, the DaVinci doesn't have a pre-amp or headphone section.
So really, these two haven't ended up as close competitors as I had originally thought.
I'd class the DaVinci as a no holes barred pure DAC, whereas the Nagra is a lower cost all rounder, which possibly won't have the same level of SQ - would still be fascinating to compare the two though
)