Monopoly is a board game that has been enjoyed by generations of families and friends. The game is all about buying and selling properties, and the player who makes the most money wins. One of the most exciting parts of the game is the auction that takes place when a property goes unsold after being landed on. In this article, we will discuss the starting price of a Monopoly auction and how it works.
What is a Monopoly Auction?
When a player lands on a property and does not want to buy it, the property goes up for auction. This means that any player can bid on the property, including the player who landed on it initially. The auction starts at a specific price, which is determined by the Monopoly rules.
What is the Starting Price of a Monopoly Auction?
The starting price of a Monopoly auction is the mortgage value of the property. The mortgage value is the amount of money that a player would receive if they sold the property back to the bank. In most cases, this value is half of the purchase price of the property. For example, if a property costs $200 to buy, the mortgage value would be $100. This is the