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This morning, we ran a post and poll about a Tiffany Rock Cut Bowl that retails new for $85 but was being sold at online flash sale site One Kings Lane for $300—the site had placed the bowl's estimated original value at a staggering $900.
Well, after our post ran, we received this comment, below, along with notification that One Kings Lane had knocked both the price and the estimated original value down to size.
Thank you for bringing this to our attention, we now realize that a mistake was made, and have adjusted the price to $60. We believed the bowl was vintage given an estimated value of several hundred dollars. Shortly after it appeared on our site, we learned that Tiffany still sells a very similar, if not identical, model for less than what it was valued on our site.What we want to know is: How on earth did they come up with $900 to start with? Did they just make it up?
While these oversights are rare, we take them very seriously, and we take every possible measure to vet our products and prices. Should an error come to our attention, we will correct it immediately, as we have done in this instance.
We apologize for any inconvenience.
· Tiffany Bowl [One Kings Lane]
· $300 vs. $85: Would You Pay More for an Older Tiffany Bowl? [Racked]