As a photograph this has good balance an compositio.
however it is not obvious how this is meeting this particular challenge
If I guess one shoe is old and the other is new, but unfortunatly this does not show here...
I like the high-key effect. As far as meeting the challenge, I'm not sure if there is enough difference between the old and new... they look about the same to me - maybe a different angle would show the age of the left shoe more?