Shoe Sticker Shock
It's not quite to the level of the $15,700 Japanese melons, but the behavior of women descending upon New York City stores in June for the annual "sale" on designer shoes is nonetheless a spectacle. The event makes the city's upscale commercial district look like "an insane asylum of very well-dressed women," reported The New York Times. The shoes' everyday prices require, wrote the Times, "the willful suspension of rational thinking." The average transaction at Barneys is $850, still far below, for example, a pair of wicker-basket-like sandals ($1,995 by Charlotte Olympia) or a certain Christian Louboutin pump ($1,595 — $4,645 in crocodile). Prices are so unhinged, according to the Times, that standards from the iconic "Sex and the City" designer Manolo Blahnik are now low-price leaders, holding at about $595.