The product pictures are misleading. They show a package containing two Frenched lamb racks. What I received was one lamb rack that isn't Frenched (trimmed, exposing the bones)—which means it's double the cost of the Australian lamb rack from the supermarket. The ₱2,549.00 price was reasonable for two lamb racks, not one!
Furthermore, the product description says: Comes frozen, 2 racks per pack.
That's two! We'll see how Pacific Bay resolves this.
Edit: Eventually, Pacific Bay allowed a return for refund. However, this listing hasn't been updated, so who knows if the correct product is actually available?