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That is the correct form of a fragment of a sentence... But a fragment is not a correct form of a sentence.
It'd help if you mentioned the context.
*edit*
In that context, it is grammatically *common* - many people will say it's wrong, but an ad can use dialog grammar - a friend could walk up and ask "New?" and I'd know from the context if they meant to ask is my shoes or jeans were new, or if they just meant "What's going on with you?"
Dialog, and therefore adverts, go by the rule of whether or not *most* speakers of the language and dialect in question will understand.
"Know anything?" is non-grammatical, but attached to an ad, presumably one with a picture and/or a description of the product, it would be a comprehendable sentence. English is funny like that - the grammar is loose enough that native speakers are rather used to trying to figure out what an advert means.
You might have heard of a rather interesting quote on the english language, which has actually made it into english class text books in China.
A guy named James Nicholl said "The problem with defending the purity of the English language is that English is about as pure as a cribhouse whore. We don't just borrow words; on occasion, English has pursued other languages down alleyways to beat them unconscious and rifle their pockets for new vocabulary."
I'm personally convinced that such habits make English grammer both paradoxical and confusing, in literary contexts, and extremely forgiving, in dialog. Almost any rule can be broken, and it's i before e, except after c or anytime the word is usually spelled otherwise.
EVERYBODY KNOWS SOMETHING.TO KNOW ANYTHING INDICATES THAT YOU HAVE KNOWLEDGE OF SOMETHING.YOU CAN LEARN FROM ANYONE,EVERYONE KNOWS SOMETHING YOU DON,T.
I don't know... I don't know anything! But perhaps it should be:
"Do you know anything?"
Be an idea if you could spell
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