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Are you looking for a serious headphone amplifier at bargain money? At £208, this Luxman P-200 sits well below the comparable-listing 25th percentile of £296, against a median of £384 and 75th percentile of £472. That makes it a notably strong deal, assuming it is complete and functioning properly.
The P-200 remains appealing for its pure Class A, parallel push-pull output stage, compact but beautifully built chassis, and unusually useful combination of standard and mini-jack outputs. It offers plenty of clean power for low- and moderate-impedance headphones, with a smooth, spacious and well-controlled presentation. Its gain and voicing are less ideal for some demanding high-impedance models, so matching matters, but at this price that is a minor qualification rather than a deterrent. Check that both outputs, input switching and the volume control work cleanly.
Independent perspective — not a price guarantee. Always verify condition, accessories and provenance before purchase.
Luxman traces its origins to 1925 in Osaka, Japan, when brothers T. Hayakawa and K. Yoshikawa launched a radio equipment division within their Kinsuido picture frame import business, coinciding with Japan's inaugural radio broadcast. Initially importing components, the company soon pivoted to in-house manufacturing of transformers and switches, birthing the Luxman brand and establishing it as one of Japan's oldest electronic component makers. This heritage of precision engineering has endured through ownership shifts, including stints with Alpine and Samsung, before returning to Japanese hands in the early 2000s under dedicated Luxman Corporation.
The brand specializes in luxury high-end audio components, with a storied emphasis on amplifiers—both integrated and power models—preamplifiers, and receivers renowned for their warm, detailed sound. Luxman also produces turntables, CD players, tape decks, and speakers, alongside modern digital offerings like DACs, all handcrafted in Japan with custom parts and dual-mono designs for ultimate fidelity.
Positioned firmly in the high-end market, Luxman commands respect among discerning audiophiles for its timeless aesthetics, uncompromising build quality, and sonic refinement that bridges vintage warmth with cutting-edge performance. Classics like the 1970s CL-32 preamp and 1980s L-507 integrated amplifier fuel its collector appeal, while contemporary lines reaffirm its status as a boutique benchmark for those seeking "Ultimate Fidelity since 1925."
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