There actually quite a few stereo recordigs that were recorded using simple mike setups.
Problem is that it requires quite a bit of extra effort at the recording stage.
So it's cheaper to just record the instruments individually, and not as a whole.
Of course that make's real stero impossible.
That's why some of those (older) stereo recordings haven quite a following.
Check out Mercury's living presence series for instance.
And then get into High End stero and go broke.
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