America's Fashion Icon Steps Out in $540 French Sneakers

Wasn't her husband just saying something about buying American? I guess America's new fashion darling didn't get the memo.

Nice signal this sends during a recession.

Michelle Obama has taken casual to a haute new level.

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.

I guess it pays to be one of the beautiful people.