Yes, that's correct. I just called my s/a, Jenny Tsu, at the Bellagio boutique to inquire about wallets, and the PNY and Outdoor collection are on sale!! Unfortunately, I already bought my zip around PNY at the original $675 price, but they are now $505! Black and dark gold are currently in stock at several boutiques. I bought a long Outdoor foldover wallet to match my tote on sale for $410 (from $550). The zip-around Outdoor is $485 (from $675). Black and brown are available. Best to call or visit your local boutique. The Bellagio is 702-765-5505 but lots of boutiques have these wallets in stock.