Very expensive shoes

Balmain, £975

I was looking at a pair of very beautiful £1000 Ferragamo shoes in Grazia yesterday and wondering who buys £1000 shoes? Who are these for? Is this the new price of a shoe which the rest will, as it were, inch up to?

But I remembered a phone call I had the other day from someone with high placed retail contacts who told me that fashion no longer caters for London women, even rich London women. The crazy shoe and crazier bag are for our guests from Russia and the oil states. If they are holding up our retail economy with their slender manicured fingers, perhaps we should be grateful. Otherwise I would have to buy three and a third pairs of £300 shoes.