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LivingSocial $10,000 Coupon Marks Upscale Shift for Deal Sites

LivingSocial heralded a new era last month when it offered a $10,000 coupon for a penthouse-suite package at San Francisco’s Fairmont hotel: Daily-deal sites are going upscale.

After getting started on small-ticket items -- cupcakes, manicures and yoga sessions -- LivingSocial and its larger rival Groupon Inc. are pursuing buyers willing to spend hundreds or even thousands of dollars on travel and luxury goods.