The Sun King's bedroom at Versailles has a painting of Louis XIV in full regalia that Bruce Boyer used as a metaphor for the passing of an era of dress. Almost literally, as Louis was sitting for his portrait dressed in ermine, silks and jewels, the English nobility were beginning to wear tailored wool clothing.
Returning for a moment to Versailles, no-one will ever correctly call the Sun King cheap. It's been calculated that 6% of the national income of France went to run the palace, after an initial investment that would be in the tens of billions today (assuming the necessary craftspeople were available in the first place). And not a single visitor among the thousands that I saw was wearing a suit. Or even a colored jacket.