“Ah, ah, ah!” Babette pressed the button as I advanced, knife raised, and the golden latches over the courtesan’s eyes flipped open. Madame Labelle’s and Tremblay’s muffled voices filled the corridor.

“Think carefully, mon amour,” Babette whispered. “Your precious ring could be in the very next room. Come, see for yourself.” She stepped aside, finger still pressing the button, allowing me to stand in front of the portrait.

Muttering a curse, I stood on my tiptoes to see through the courtesan’s eyes.

Tremblay wore a path through the plush floral carpet of the parlor. He looked paler here in this pastel room—where the morning sun bathed everything in soft, golden light—and sweat beaded along his forehead. Licking his lips nervously, he glanced back at Madame Labelle, who watched him from a chaise longue by the door. Even sitting, she exuded regal grace, neck straight and hands clasped.

“Do calm yourself, Monsieur Tremblay. I assure you I will obtain the necessary funds within the week. A fortnight at most.”

He shook his head curtly. “Too long.”

“One might argue it is not nearly long enough for your asking price. Only the king could afford such an astronomical sum, and he has no use for magic rings.”

Heart lurching to my throat, I pulled away to look at Coco. She scowled and dug in her coat for more couronnes. Andre and Grue pocketed them with gleeful smirks.

Promising myself I would skin them alive after I stole the ring, I returned my attention to the parlor.

“And—and if I were to tell you I have another buyer in place?” Tremblay asked.

“I would call you a liar, Monsieur Tremblay. You could hardly continue boasting possession of your wares after what happened to your daughter.”

Tremblay whirled to face her. “Do not speak of my daughter.”

Smoothing her skirts, Madame Labelle ignored him completely. “Indeed, I’m rather surprised you’re still in the magical black market at all. You do have another daughter, don’t you?” When he didn’t answer, her smile grew small and cruel. Triumphant. “The witches are vicious. If they learn you possess the ring, their wrath on your remaining family will be . . . unpleasant.”

Face purpling, he took a step toward her. “I do not appreciate your implication.”

“Then appreciate my threat, monsieur. Do not cross me, or it will be the last thing you ever do.”

Smothering a snort, I glanced again at Coco, who now shook with silent laughter. Babette glared at us. Magical rings aside, this conversation might’ve been worth forty couronnes. Even the theater paled in comparison to these melodramatics.

“Now, tell me,” Madame Labelle purred, “do you have another buyer?”

“Putain.” He glared at her for several long seconds before grudgingly shaking his head. “No, I do not have another buyer. I’ve spent months renouncing all ties with my former contacts—purging all inventory—yet this ring . . .” He swallowed hard, and the heat in his expression flickered out. “I fear to speak of it to anyone, lest the demons discover I have it.”

“You were unwise to tout any of their items.”

Tremblay didn’t answer. His eyes remained distant, haunted, as if he were seeing something we couldn’t. My throat constricted inexplicably. Oblivious to his torment, Madame Labelle continued ruthlessly. “If you hadn’t, perhaps dear Filippa would still be with us—”

His head snapped up at his daughter’s name, and his eyes—no longer haunted—glinted with fierce purpose. “I will see the demons burn for what they did to her.”

“How foolish of you.”

“I beg your pardon?”

“I make it my business to know the business of my enemies, monsieur.” She rose gracefully to her feet, and he stumbled back a half step. “As they are now also your enemies, I must offer a piece of advice: ’tis dangerous to meddle in the affairs of witches. Forget your vengeance. Forget everything you’ve learned about this world of shadows and magic. You are wildly outmatched and woefully inadequate in the face of these women. Death is the kindest of their torments—a gift bestowed only to those who have earned it. One would think you’d have learned that with dear Filippa.”

His mouth twisted, and he straightened to his full height, spluttering angrily. Madame Labelle still loomed over him by several inches. “Y-You cross the line.”

Madame Labelle didn’t shrink away from him. Instead, she ran a hand down the bodice of her gown, utterly unfazed, and withdrew a fan from the folds of her skirt. A knife peeked out from its spine.

“I see the pleasantries are over. Right, then. Let us get down to business.” Spreading the device in a single flourish, she fanned it between them. Tremblay eyed the knife point warily and conceded a step. “If you wish me to relieve you of the ring, I will do so here and now—for five thousand gold couronnes less than your asking price.”

An odd choking noise escaped his throat. “You’re mad—”

“If not,” she continued, voice hardening, “you will leave this place with a noose around your daughter’s neck. Her name is Célie, yes? La Dame des Sorcières will delight in draining her youth, in drinking the glow from her skin, the gleam from her hair. She will be unrecognizable by the time the witches finish with her. Empty. Broken. Just like Filippa.”

“You—you—” Tremblay’s eyes bulged, and a vein appeared on his shiny forehead. “Fille de pute! You cannot do this to me. You cannot—”

“Come now, monsieur, I do not have all day. The prince has returned from Amandine, and I do not want to miss the festivities.”

His chin jutted obstinately. “I—I do not have it with me.”

Damn it. Disappointment crashed through me, bitter and sharp. Coco muttered a curse.

“I do not believe you.” Striding to the window across the room, Madame Labelle peered down. “Ah, Monsieur Tremblay, how could a gentleman such as yourself leave your daughter to wait outside a brothel? Such easy prey.”

Sweating profusely now, Tremblay hastened to turn out his pockets. “I swear I don’t have it! Look, look!” I pressed my face closer as he shoved the contents of his pockets toward her: an embroidered hand cloth, a silver pocket watch, and a fistful of copper couronnes. But no ring. “Please, leave my daughter alone! She is not involved in this!”