I thought we were in a recession! But Michelle says "they're just shoes"...

These sneakers - suede, with grosgrain ribbon laces and metallic pink toe caps - are made by French design house Lanvin, one of fashion's hottest labels. They come in denim and satin versions, and have been a brisk seller all spring.
They're out of stock at posh Meatpacking District boutique Jeffrey, and Barneys New York boasts a limited selection of the sneaks, which are a cult favorite among fashionistas. They're selling at a bargain price of only $540!" -


First Lady Michelle Obama steps out in Lanvin sneakers and they're only $540!
BY Amy Diluna DAILY NEWS FASHION EDITOR
Friday, May 1st 2009

While volunteering Wednesday at a D.C. food bank, the First Lady sported her usual J.Crew cardigan, a pair of utilitarian capri pants and, on her feet, a sneaky splurge: trainers that go for $540.
That's right: These sneakers - suede, with grosgrain ribbon laces and metallic pink toe caps - are made by French design house Lanvin, one of fashion's hottest labels. They come in denim and satin versions, and have been a brisk seller all spring.
They're out of stock at posh Meatpacking District boutique Jeffrey, and Barneys New York boasts a limited selection of the sneaks, which are a cult favorite among fashionistas.
It's likely Michelle got hers through Ikram, the Chicago retailer that often outfits her.
"They're shoes," the First Lady's reps sniffed when curious reporters inquired about the fancy footwear.
Michelle has stepped out in Lanvin before while getting down to business. A week ago, she shoveled dirt at a tree planting while wearing the line's chiffon tank.
Dresses and strappy pumps cost upward of $1,500, while tops go for $400 to $1,000. Read more...