This would be a yay for me with one MAJOR caveat: fit.
I'm a sucker for beautiful dresses that fit like they are made for your body.
I just had a MAJOR splurge incident on a dress that I ended up wearing to my best friend's rehearsal dinner this past weekend. It's not something I'll wear more than a couple of times a year (at MOST), but it's beautiful, elegant, classy and, most importantly, fits me impeccably. Even after purchasing it, I kept my eye out for less expensive but comparable options and wasn't that surprised to find none. Sometimes you just gotta go for it.