Sentence Correction

In an effort to reduce their inventories, Italian vintners have cut prices; their wines have been priced to sell, and they are.

(A) have been priced to sell, and they are
(B) are priced to sell, and they have
(C) are priced to sell, and they do
(D) are being priced to sell, and have
(E) had been priced to sell, and they have


Can Anyone explain the Answer:C
It would be great if u could expalin whats wrong with E

I think their are couple of things wrong with answer E, 1) "Had been" basically means that the selling of wines is over in past and is no more selling at present 2) "they have", have cannot be used to repeat an action, in order to repeat an action like "they do sell"....we have to use "DO", and we donot have to repeat the word "Sell" as it is explicitly understood.

Hope this helps!

C is the best answer.
E is gramatically incorrect. It does not have correct tense.