Every lady has more than 5 pairs of high heels. And as you know, it takes up quite a bit of closet space. So instead, why not consider mounting it on a kitchen rod like the Ikea Bygel to hold them.
The Bygel rods are $2 each and keep your expensive shoes out of harms way. Weblog Ikea Hackers recommends using the Bygel rod in particular. Do you have any other way you store your heels? Let us know in the comments!