Yes true, could be placebo or a premium ownership factor too.Speaker drivers made with Kevlar material are available too.
Good protection from inquisitive little fingers, knives and bullets even maybe.
But what you mention about the pride of ownership is so true. If the sound is nice that’s a huge bonus.
I believe the human aesthetic bias is towards the visual aspect first (it’s immediate) and for many or most this counts more than the audio quality.
The switching on, warming up, selection of music and the start of the playback comes later. After the visual impression has been made.
But the spectacle of a vinyl head going through the ritual of cleaning and setting up has its own charm, mystique and gravitas. The visual effect of the spinning disc (vinyl or CD) also adds to the drama.
Then there is the discussion (if and when it happens) - a sprinkling of Audiophile insights, explaining the set up, the nuances of soundstage, separation, air, coherence, FR, and so on.
Finally there is the music playback … if done right it can bypass all the above, stop all discussions and entrance.
I think there is enough black magic in this hobby to last forever