Is there a difference between a $5,900 Loro Piana vicua sweater and a $150 cashmere sweater from

Is there a difference between a $5,900 Loro Piana vicuña sweater and a $150 cashmere sweater from L.L. Bean? Have you ever purchased a higher-priced product or service because you thought the quality was better than that of a similar, lower-priced product or service? What was the product or service? Do you believe you made a rational choice?