See bottom of post for update.
Balmain's suede buckle boot retails for $1605 at Net-A-Porter.
I was so excited when I went to Bakers Shoes this morning and found this great lookalike boot. It does vary slightly (thicker wooden heel, leather instead of suede) but it's a great alternative for a much more affordable $169.95. Click here to purchase (also available in tan).
*Update - 10/8/09* - My friend Amber just told me about these great lookalikes from Guess by Marciano. They retail for $288 and also come in gray suede. Click on the photo below if you'd like to purchase.
*Update 11/3/09* - Credit for this find actually goes to Chloe over at The Chloe Conspiracy. These boots at Lulu's are a great look for less of the Balmain originals, although only available in the color shown. They retail for $49.50 and you can click here to purchase.
Go Jane also has a version that comes in black (as well as brown, taupe, or chestnut) and retails for $37.30. Click here to purchase.
*Update - 11/30/09* - Reader Julie emailed me these Balmain inspired by boots from Aldo and they retail for $140. Click on the photo below if you'd like to purchase.
*Update - 8/18/10* - This is an older post, so many of the styles featured may no longer be available...but reader Julie emailed me this option from Michael Antonio that I wanted to share. They retail for $96 and you can click on the photo below if you're interested (also available in brown or grey).