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JCPenney offers the Bedroom Possibilities Blakely Upholstered Bed in several colors (Linen pictured) from $210 via coupon code "4YOUSAVE". With free shipping, that's at least $390 off list and the lowest price we could find. Deal ends October 19. The deals, with prices after coupon:

Full/Queen for $210 ($390 off)

King for $280 ($520 off)