It can only be wielded properly by knights and paladins of level 70 or higher.
Arm:3, protection physical +2%, holy -2%
35,000 - 2,000,000 gp.
Esrik (Farmine) 35,000 gp.
These boots were added with the Christmas Update 2009. They are arguably the best boots in the game due to their passive 2% physical resistance.