I would have liked to have seen more dof. You wouldn't need the whole shoe in focus for my taste, just more of the shoe in focus would be good. The light also seems a bit harsh. I like the composition and the subject though.
The idea of an old shoe being graceful is really intriguing to me. This image tells stories, and so I like it a lot. It's a tad out of focus, but the lighting is good, and I like the yellowish look to it, too. You might go textbook rule of thirds here, which would evoke thoughts and infer things beyond the frame of the image. Nice work.