Yeah, it was brand new in box because previous owner bought it and didn't use it. I got it for $270, and I can tell you now, the quality of it, is worth every cent. Since I've played with some cheaper quick releases, and the cheaper ones feels really filmsy.... Where as the Works Bell is solid, ZERO play, clicks on, clicks off the same way everytime, very smooth.
I think Works Bell has patented the ball locking mechanism and companies like NRG and others just copied it. The way the quick releases are manufactured is different to, don't quite remember from my research but Works is forged and others are casted? But there is a difference in quality.
I personally rather pay a tad more for a peace of mind, knowing that my wheel won't be coming off during a corner lol