Well, I'll be the contrarian. $240 is still $240. The question, to me, is whether the buyer would have plopped down the cash if it weren't for the Black Label name and the sale frenzy. If it's something the purchaser likes and will enjoy, it's a great bargain. But if it's not, it's money wasted.
It fits well, and I would wear it given an occasion that allowed for a black suit.
I think Doc's point is very fair. Unless you have the $, it's always best to buy what you really need. But I don't like black suits, and even I would consider it if it fit well and needed no alterations. Id' wear it in the evenings when a tux would be just too much. I'd maybe even pair with my tux shoes: