The Opposite of Conspicuous Consumption
Friday, January 30th, 2009My last piece, which mentioned the $43,000 suit, has caused a few waves on my usually tranquil sea. As a follow-up I could not resist sharing the following story. In the old Chipp shop, when we owned the building at 14 East 44th St, we had a large cloth inventory. When customers were selecting cloth for either bespoke or made-to-measure clothing they were shown bolts of cloth, not swatch books. Back in those days the finest English cloth would cost us between $35 - $45 a yard. Today we show customers swatches in the sample books that the mills and cloth merchants give us. Most of the cloth we use costs us $100 - $250 per yard. We can no longer afford to stock cloth. Among our customers was an individual who was one of the wealthiest individuals in the USA. He would only select cloth that was the opening price. Because I knew that, I would only show him “opening range” cloth. One day he came into the shop and I was assisting another customer. While waiting for me to finish with the other customer, he went to the “wall of cloth” and selected 3 cloths. When I finished with the first customer I went to assist him. I told him that two of the cloths he selected were the opening range but that the third cloth was more costly and that suit would cost $50 more than the other two suits. He said, ” I will make another selection”- which he did. So one of the wealthiest men in the USA denied himself something he liked for what I think would have been like my denying myself something for half a cent. I always respected his position. He had a line in the sand he would not cross. I don’t think of any of our customers as being conspicuous consumers.
