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I just bought a custom suit from Jos A Banks for 300 on sale, the 1905 line. he measured me and put the order in, not off the rack and tailored.
Is that MTM or bespoke?
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That's MTM I'm guessing there is no 1905 line or anything product line for Bespoke. For true bespoke you pick the fabric, color, pattern, weight, every aspect of the suite is chosen and it will take 6 to 8 weeks normally and involve 2 to 4 fittings by the tailor along the way. Lots of hand work and small details.
MTM has more limited options, maybe pick your color and/or pattern within a certain product line, fewer options than bespoke and usually one fitting after the suite is done, probably done in Asia, you will have a fitting and they will make any nessesary adjustments locally by their in house tailor.
This does not mean you will get a bad suite or anything. I know here in Dallas there are a couple of places to get actual bespoke but your talking $5k, maybe a little less but not much.
Not everyone can swing that, I sure as heck can't, so MTM is a great compromise and is a huge step up from a OTR options. You will be better dressed than 90% out there. I just looked JosA Banks custom 1905 up and looks like a great option. 40 different fabric options is a lot for somethimg like this and it seems like some other good options. Good luck.