What Really Goes Into the Price of an Expensive Suit?

When it comes to clothing, it’s no secret that you get what you pay for. The entire fashion industry is built on a tiered model. For example, you can easily get a three-pack of cotton Hanes shirts, or perhaps you want to shell out $550 for one from Loro Piana. And while it may serve the same function, sartorially speaking, there is a definite difference in expectations, quality, and (of course) price point.

This is perhaps best exemplified with suits. Off-the-rack options line department stores across the country. More bespoke options aren’t as easy to find, but are custom to your body and style–for a price. So what goes into luxury clothing that makes it so damn expensive?

While there is no cut-and-dry answer, there are a few factors that contribute to the overall cost, including craftsmanship, ethical working conditions, materials used, and brand value.