I disagree with those who suggest spending less on ties and more on watches. A cheap tie will kill an otherwise nice suit or coat. I haven't paid full retail for a tie in ages but I would never buy a cheap department store tie. There is BIG difference between a $40 tie and a $150 tie (bought for $50 of course). OTOH, the difference between a $500 and a $5,000 watch is not worth the extra $ imo.