I’m very interested for those who had to expand beyond a regular closet onto a walk-in closet or a dedicated room for all the clothes?
Some have decent space to store all the clothes and shoes, meaning that the house is quite significant given that the individual is living together with a spouse and children.
I just started 4 years ago. And it’s not even that I need it for work. It’s rather for occasional purposes at first, and even now when I could wear it everyday, I’m not, as I’m living on a tropical island as well 7 to 8 months of the year, and I’m wearing mostly boardshorts, sandals and a t-shirt. So if I see someone having 10 suits, and 20 shirts and 10 pair of shoes, it’s either that you have to wear this for work or you work in the industry, and have a wall full of menswear.
Even if money wasn’t an issue and for the sake of argument I could get any bespoke pieces instantly, I’ll be struggling to get to 10 suits. Well just about.. same goes for shoes, just about 6 pairs, shirts will be about 10 as well. Surely over time you will have different needs or just wants to have something else. But with 10 suits, 10 odd jackets, 10 trousers, and 10 shoes, you have so much variety. I just don’t see the need to have anything more unless you’re doing it for a decades. Or it’s a genuine passion.
I’m a surfer that’s my passion, I don’t have a wall full of menswear neatly sorted by colour. But that wall is filled with surfboards. It has taken decent space in my villa, and garage and there are some at my parents home collecting dust.
I greatly admire those with entire rooms filled with menswear but if you aren’t old or work in the industry. It’s quite over the top. The same goes for those guys collecting sneakers and have a wall full of sneakers. Just to collect them all.
That one picture with all the ties about 200 of them, let’s say they’re all Drake’s. For the sake of it we’ll make the price $150 each. Let’s say it takes you 10 years to get 200 ties. You have to buy 20 ties every year that’s $3000 a year just on ties.
Consider if you spent $3000 every year since 2012 and bought AAPL stock instead of Drake ties you would have 5x that money. If you bought Bitcoin instead, just from the first year 2012 that amount of Bitcoin bought in 2012 alone is worth today $594.000.000
If menswear is your passion then I guess it’s your thing and any amount of money is justified.
For anyone else, what’s it worth to look like a million dollars? If you don’t have it in cash or assets but in ties and suits?
My stuff is all still in my walk in closet, but I went from 0 suits and sport coats at the beginning of 2020 to 9 suits and 17 sport coats now. Only a few of those were purchased at full price, and from Spier and Mackay so not terribly expensive. A few of the others were bought on sale, and the majority I found in thrift stores or on eBay. I try not to pay more than $50 for thrifted items, including suits.
I don't wear them generally in my day to day, but to work as a musician. It seems excessive, but having not really worn clothing like this for most of my life I wanted to try various things to see what I would end up reaching for time and time again. Also, living in New Orleans, I really needed a dedicated summer wardrobe (and most of my things are for that because I wasn't sure until I started wearing them how unbearable/unwearable they would be in the heat here) and also a winter wardrobe for the short winter we have.
I feel pretty good about where I am now, and have a much better sense of what my taste is both in fit and material and color/pattern, and to me it was money well spent. In the future I hope to replace things with higher quality pieces or ones that are more to my liking now that I know what those are. I also probably spent less on all of this than some people do on 2 suits and 2 sport coats, so there's that.