I have a wide range of ties. I'm firmly in the "if you like it, buy it" camp. I have about half that are $180-$220 and another half that are <$70. The two ties that I get the most compliments on are a checkered Charvet ($210) and a navy with white polkadots which was free from Charles Tyrwhitt. This proves that you don't have to spend a ton of money to dress very nicely.
Same with my suits - I get most of them at the Theory outlet. Great fit, comfortable materials, complimented regularly.
Funny story. When I first started working at my firm, I was talking to our chief council and he said "hey, that's a really nice tie!". I said "thanks, I got it for $7". He looked like he was going to throw up in his mouth. He was one of those "it's $200 or it's garbage" types.
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