I think it's fine to spend that much, I think I said before when we had a clothes thread but there is a huge difference between nice good quality stuff and cheap crap. I'm slowly trying to phase out my rubbish and replace with only top quality things. Slowly I'm getting towards having a decent wardrobe.
There's a load of Ikea stuff I want at the moment, I'm not sure if I should post it here, make a new thread, or just not bother as I'll buy it anyway in a few days and put it in the purchases thread.