Is this a bad joke from Christian L. Tasselissimo

I was looking at the below creation (Tassel(issimo))  from CLT (Christian Louboutin Tasselissimo) and I was not sure if it was meant as a bad joke or not. 
After a few minutes of thinking, I concluded that this was utterly very ugly, not stylish nor elegant and will never be a classic piece, and wondered who will buy and wear this shoe. Am I bias? Any thoughts?

Sourced from the Internet.