Meaning of the word "pay through the nose for" in English

What does "pay through the nose for" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

pay through the nose for

US /peɪ θruː ðə noʊz fɔːr/
UK /peɪ θruː ðə nəʊz fɔːr/
"pay through the nose for" picture

Idiom

to pay too much for something

Example:
I had to pay through the nose for that concert ticket because it was a last-minute purchase.
If you want a good quality product, you often have to pay through the nose for it.