This deal has ended.
Update: This deal is over. The price is back up to $478.99. Overstock drops the price of the Newport Double Cushion Fabric Convertible Sofa from $478.99 to $399.99 as part of their Red Line Deals. Plus, shipping is just $1. It features cushions made of high-density foam and a solid oak wood frame. There's no sales tax (except UT).