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You're assuming people pay more for things simply to save money over the long term. There's no question you'd save a fortune by foregoing bespoke and buying suits from Target your whole life, simply replacing them as they wear out.
What did you expect? This is styleforum not expensiveshitismoreeconomicalthanyouthinkforum
SF also promotes the myth of certain brands or levels of quality at which things "just fall apart" and they cite that buying a higher quality (read: more expensive) products means that they will last longer.
What's the point of buying a car more expensive than a Ford Escort? They all get you to the same place at roughly the speed limit.
I wonder how many people would notice if your expensive watch wasn't running. Probably very few. If you have a pocketwatch, you could probably leave it broken for 20 years with no one noticing.
Bring it down to calculation. In European money: