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A game mode released with the Adventure Update. Only available after completing the game. Prices and costs of items are increased in this game mode, and you also have access to special Pirate weapons and Amulets that are only available in New Game +.
The prices for selling items seem to be about 1 coin less than 5.6 times their regular price. So an object selling for 1000 normally will sell for 5599 in New Game +.