The World Wool Record Challenge Cup, created by design house Loro Piana was started with the goal of rearing the best sheep for the finest quality of wool known for the purpose of creating the highest quality suits. The competition takes place in Australia and New Zealand, as they are known to produce some of the finest and rarest wools in the world, and this time they will be used to make 40 rare suits. The most exclusive variety of fabric, which is the Record Bale, is only put up for purchase after the finest bales are selected by the company from the winner of the competition, often resulting in a price tag of $22,500 upwards per suit.