If your gonna keep the collection at a modest level that amount of storage will do just fine, but from someone who just today had to totally redo his tie storage situation because I have 600+, if your gonna be buying them up left and right, your gonna want numbered stackable bins and a spreadsheet, they aren't pretty but they get the job done.
EDIT: For my personal collection though I use the automatic rotator that hooks onto your closet pole. Enough space for the necessities.
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