The Lensbaby Velvet 85 art lens is available for $449.95 after applying the coupon code LB50 ($50 off) in your cart. Shipping is free (on orders over $30), and Lensbaby does not collect sales tax.
The email that I received indicates:
We have a secret that we’re only sharing with our newsletter subscribers. Velvet 85 is available at a discount for the very first time, from January 22nd to January 29th! You won’t see this special announced on our website, social media feeds, or anywhere else, This code in only being shared with you, our newsletter subscribers. Enter " LB50" at checkout to save $50 on Velvet 85!
The Velvet 85 is available for DSLRs/mirrorless cameras with the following mounts: Canon EF; Nikon F; Sony E; Sony Alpha A; Fuji X; Micro 4/3; Pentax K; and Samsung NX.
I cannot speak to whether this lens has ever been offered anywhere at a discount as the email claims, but a quick search indicates that it selling at the MSRP of $499.95 or higher everywhere currently.