How did you determine it is CDA194? CDA194 has some iron in it, so that could explain the magnetism, but there are other alloys with nickel that is also magnetic.
As far as the size, it could be used to extrude electrical components and wasn’t meant to be machined from the bar stock.
With it being magnetic, you might have trouble at the scrap yard with them taking it as a copper alloy. A company I used to work for had a lot of large machine components made from super duplex stainless steel, since it is magnetic, the scrap yard would only give them scrap steel rates and not stainless. That may explain why the dealer was selling it for less than he claimed he could get at the scrap yard.