Can anyone tell me how many bikes the Hyper Tough bike rack in the photos holds and how?

Someone who lived here moved out and left a lot of stuff behind, including this bike rack. I've seen a lot of bike racks, but I've never seen one like this. It's confusing to try to figure out how it holds bikes. It looks like you can fasten one bike on either side of the V-shaped part, but one side of the V-shaped part has one fastener on each arm, and the other side has 2 or (on one arm) 3. I'm guessing that part of it is missing, but I still can't figure it out.

We're going to sell this bike rack along with the other stuff left behind, so we need to know how to describe it. Also, what is it worth? If anyone can link me to the new version of this rack, that'll give me something to work with. I'm located in the US.

Note that I am not trying to sell it here. It's heavy, so we'll be advertising it locally. I just need help figuring out how to describe it so that we can sell it.

Thanks for your help.