wedrifid comments on Helpless Individuals - Less Wrong
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Quite simply seems simply mistaken, even if you are mentioning one important factor.
Yes, the pursuit of status without cynicism.
In my experience of this sort of thing, it's motivated by the pursuit of a personal obsession. I've watched this in the rabid variety of record collector, back in the '80s and '90s when this sort of thing could be difficult and expensive. I've been that record collector. It involves turning into an obsessive crank, at a penalty to status.
How does it affect your enjoyment of the music?
Sometimes it feels worth it!
Note that what you have created for all this effort (obsessive record hunting, studying twentieth century music, etc) is a subjective experience. This exists only inside your own head. Perhaps you can communicate it back out again - justify the effort by perpetuating the meme - perhaps you can only tell others that it's possible.
As I noted, at times it feels like being really fussy over the variety of heroin you're going to ruin your life with.