Luxury home theater is a statement of lifestyle however in today's prices most people can build a home theater that looks like a luxury theater but in reality cost just a fraction of the price people think. In today's dollars a home theater can be built for about $5000. This could include a projector, screen, seating, surround sound and all of the accouterments. A starting price on a front projector is now around $749 and a screen you can get for about $249. You can get theater seats for as little as $349 per seat.
That being said you can still go all out and buy the best home theater imaginable by going with the top brands like Stewart, JVC, and Jaymar seating.
A luxury theater is all what you want it to be. It could be buying the best value for the room or going to the top of the line or somewhere in between. A home theater is customized room that you build to suit your budget and taste. Your room no matter what you spend will always feel luxurious in your eyes and your guests.