That price is for the rear pegs, judging by the item directly above it on the webpage --> http://www.oncycles.com/browse.asp?department=rearsets&category=triumph&subcategory=bonneville
I called them and spoke with a live person. It is only the rear passanger peg. LSL only offers a certian amount of pictures and they are only trying to show what the peg might look like. The reat set picture is for another bike. In fact if you notice, the peg picture wouldn't even fit on a triumph.
The pegs we want are on the same page just above this one selling for over $300. That is still a good price.