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Tuxedo -- a good investment?

post #1 of 12
Thread Starter 
I'm not sure how many times over the next five years or so that I'll be going to black tie events, but I picked up a $1600 Dunhill tuxedo, single button peak lapel for $380. It fits like a glove and seems to have a lot of handwork. The label that came with the suit is sort of burnt orangish. Is this a good investment?
post #2 of 12
Absolutely, yes. Good job. Single breasted peak lapel is the best format, and are hard to find at a discount.
post #3 of 12
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Is this a good investment?
A good investment? No. A good purchase? Almost certainly.
post #4 of 12
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(johnnynorman3 @ 08 June 2004, 9:49) Is this a good investment?
A good investment? No. A good purchase? Almost certainly.
I have to disagree with you on the investment bit. If you rent a tuxedo, you're spending what...maybe $175 to $225 for one night of rental. For that price, you are getting a low-quality, fused tux that has been worn many times before. My reasoning is that if you wear this tuxedo more than twice, you've already saved yourself some money. Plus, this Dunhill tux is sure to look 50 times better.
post #5 of 12
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(jcusey @ 08 June 2004, 9:58)
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Originally Posted by johnnynorman3,08 June 2004, 9:49
Is this a good investment?
A good investment? No. A good purchase? Almost certainly.
I have to disagree with you on the investment bit. If you rent a tuxedo, you're spending what...maybe $175 to $225 for one night of rental. For that price, you are getting a low-quality, fused tux that has been worn many times before. My reasoning is that if you wear this tuxedo more than twice, you've already saved yourself some money. Plus, this Dunhill tux is sure to look 50 times better.
I'll admit that I was playing word games to some extent. Clothing is not an investment in that it almost never appreciates in value. Your reasoning is, of course, impeccable. Rented tuxedos are nasty and not cost-effective if you need or want to wear one more than once. I don't know if the Dunhill tuxedo will look 50 times better than a rented one, but I do know that my first experience wearing a rented tux was degrading enough for me to vow never again to wear rented clothes.
post #6 of 12
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(VersaceMan @ 08 June 2004, 10:11)
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Originally Posted by jcusey,08 June 2004, 9:58
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Originally Posted by johnnynorman3,08 June 2004, 9:49
Is this a good investment?
A good investment? No. A good purchase? Almost certainly.
I have to disagree with you on the investment bit.  If you rent a tuxedo, you're spending what...maybe $175 to $225 for one night of rental.  For that price, you are getting a low-quality, fused tux that has been worn many times before. My reasoning is that if you wear this tuxedo more than twice, you've already saved yourself some money.  Plus, this Dunhill tux is sure to look 50 times better.
I'll admit that I was playing word games to some extent. Clothing is not an investment in that it almost never appreciates in value. Your reasoning is, of course, impeccable. Rented tuxedos are nasty and not cost-effective if you need or want to wear one more than once. I don't know if the Dunhill tuxedo will look 50 times better than a rented one, but I do know that my first experience wearing a rented tux was degrading enough for me to vow never again to wear rented clothes.
Very true about the investment bit, especially at full retail. I've found a way around this though. Since my closet is so full of stuff, I really don't need any more stuff . However, I'm addicted (as well as most of the forum members, I'd bet). I usually won't purchase an article of clothing unless I believe I can sell it for a profit on ebay when I'm done wearing it in a year or two. Of course, some items I purchase at good prices with the intent to keep them for many years. Example: I purchase Paper Denim & Cloth jeans at Marshalls for $40, knowing I can wear them for a year or so and re-sell them on ebay for $75.
post #7 of 12
Definitely a good investment. If you own a tuxedo, you will likely find that you are more inclined to attend black tie events. I wear mine three or four times a year: A couple of opera opening nights, and a couple of parties each year. When I bought the tuxedo some years ago, I only attended perhaps one black tie event every couple of years. The thought of wearing an ugly rented tuxedo deterred me from attending events I otherwise would have enjoyed.
post #8 of 12
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Definitely a good investment.  If you own a tuxedo, you will likely find that you are more inclined to attend black tie events.  I wear mine three or four times a year:  A couple of opera opening nights, and a couple of parties each year.   When I bought the tuxedo some years ago, I only attended perhaps one black tie event every couple of years.  The thought of wearing an ugly rented tuxedo deterred me from attending events I otherwise would have enjoyed.
Just a thought, but I'm willing to bet you now spend a great deal more money on the tickets and ancillary costs for these events than the amount you save by owning your own tuxedo? Seems to me that this sort of puts the lie to the idea that owning your own tuxedo is a way to save money   Bradford
post #9 of 12
Thread Starter 
I think I'm definitely going to keep it. I don't think I'll ever find a tux of this quality at this price point ever again. Even if I go to three black tie functions, that pays for the thing (I already have a black bow tie, maybe I'll buy a tuxedo shirt or maybe I'll just stick with a nice white spread collar). I actually hate patent leather so will be wearing my own shoes. The only tailoring necessary to this thing is the hem. I'm not planning on changing sizes anytime soon. The tux had the original retail tag on it, which read $1595. For $375, you can't beat it.
post #10 of 12
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I'm not sure how many times over the next five years or so that I'll be going to black tie events, but I picked up a $1600 Dunhill tuxedo, single button peak lapel for $380.  It fits like a glove and seems to have a lot of handwork.  The label that came with the suit is sort of burnt orangish.   Is this a good investment?
Buy it if you like it. For the price it is a good deal. Worst, you could sell it at the same price .
post #11 of 12
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(jcusey @ 08 June 2004, 7:58)
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Originally Posted by johnnynorman3,08 June 2004, 9:49
Is this a good investment?
A good investment? No. A good purchase? Almost certainly.
i have to disagree as well. it costs at least $100-$200 to rent a crappy and badly fitting tux. If you buy even a decent one that you get tailored and use 3 or 4 times...well- you do the math.
An investment is an asset that one has a reasonable chance of appreciating in value. Despite the great price, it's unlikely that this tuxedo will do that, especially if Johnny actually wears it. It's not an investment. It may be a good purchase that looks great on him. It may save him money in the long run. It may be a tremendous bargain. It certainly seems to be all of these things. But it's not an investment.
post #12 of 12
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(CTGuy @ 09 June 2004, 1:02)
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Originally Posted by jcusey,08 June 2004, 7:58
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Originally Posted by johnnynorman3,08 June 2004, 9:49
Is this a good investment?
A good investment? No. A good purchase? Almost certainly.
i have to disagree as well.  it costs at least $100-$200 to rent a crappy and badly fitting tux.  If you buy even a decent one that you get tailored and use 3 or 4 times...well- you do the math.
An investment is an asset that one has a reasonable chance of appreciating in value. Despite the great price, it's unlikely that this tuxedo will do that, especially if Johnny actually wears it. It's not an investment. It may be a good purchase that looks great on him. It may save him money in the long run. It may be a tremendous bargain. It certainly seems to be all of these things. But it's not an investment.
I agree with you and I often tell people that they use the word "investment" in the wrong way. BUT If you thing beeing well dressed can change all your life we can say buying nice garment is an investment because you will be paid in return with better job, better wife, better friends...
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