economics of high end shoes
most lobb & EG customers couldnt care less about a $700 difference as its completely negligable to a customer base of oil sheiks, city traders, russian oligarchs who frankly dont care what a pair of shoes cost as they are so wealthy .. infact the bigger the price, the better they probably think the product must be (think defined as giffen goods?)
actually if you go into lobb or EG for that matter and sit around shooting the sh8t as i do you dont really see any of the real customers but you do see their personal shoppers / valets etc come in and out and order / pick stuff up .. and thats it!
ofcourse part of the customer base are the shoe 'enthusiasts' that you find on SF most of whom i think are quite value conscious, but i would think they are in a minority for eg/lobb.
lets be honest, EG/lobb costs arent different from C&J .. the manafacturing techniques are the same, the workers are from the same training pool and are paid the same, the factory operating costs are the same .. its just they are pitching for business to different types of people. lobb/EG to ..well the rich (replace if you wish by crooks of various different guises), C&J to the well to do professions it seems .. but lobb/eg sell a fraction of the number of shoes that C&J do .. so i would also guess that C&J revenues are a lot better.
on the matter of black shoes, if you work in one of the traditional professions, go to a fair amount of formal events, then a black shoe is going to serve you better than brown as it fits with dark formal suits and an oxford black shoe can also be worn with a dinner jacket too (if you go to these type of events and dont want to wear pumps).