Is First Lady Michelle Obama sporting a taste for ultra-expensive fashion pieces, or is she cementing her status as a savvy shopper? Back in April she wore a pair of $540 Lanvin sneakers at a Washington food bank. Earlier this week (while strolling the wooded landscape outside of Moscow), she carried a sexy black clutch, which Italian luxury house VBH boasts is their shiny black alligator manila bag – with a retail sticker price of $5,950. The White House flatly denies that Obama bought such a high-priced accessory, and says that she was carrying a patent clutch that retails for...
