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So what is "times the money?"

Apr 04 2016

So what is “times the money?”

Like every other business, the auction business has its own jargon. “Times the money” means that when similar or compatible items are being sold, the price for one item is multiplied by the number of items sold. For example, if the auctioneer announces that two similarly styled upholstered chairs will be sold “two times the money,” and you are the high bidder at $125, you will pay $250 for the chairs.