It's at the upper end of that range, but I'd recommend checking eHaberdasher every month or so. They usually have a pretty good selection of new Brioni suits in the $1200 - $1600 range - http://www.ehaberdasher.com
Thanks. Great recommendation. Sadly the current items from Brioni are in weird colors and mostly 3-button, but I'll be on the lookout. Useful tip!