Dutch auction


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Dutch auction

An auction in which the asking price is set high and then lowered until someone buys the item. What is this, a Dutch auction? Why is the auctioneer starting out at $1,000 for that piece of junk?
See also: auction, Dutch

Dutch auction

an auction or sale that starts off with a high asking price that is then reduced until a buyer is found. (Viewed by some as insulting to the Dutch.) Dutch auctions are rare—most auctioneers start with a lower price than they hope to obtain. My real estate agent advised me to ask a reasonable price for my house rather than get involved with a Dutch auction.
See also: auction, Dutch
References in periodicals archive ?
All Dutch Auction Securities not accepted as a result of proration and all tenders of Dutch Auction Securities with a Bid Premium in excess of the Clearing Premium have been rejected from the Dutch Auction Offer.
The Tender Offer Consideration for each $1,000 principal amount of the Dutch Auction Notes validly tendered (and not validly withdrawn) after the Dutch Auction Early Tender Deadline and at or prior to the Dutch Auction Expiration Date and accepted for purchase will consist of the Total Consideration for the Dutch Auction Notes less the Dutch Auction Early Tender Payment.
Students will need to understand the typical IPO process in order to understand why Google's use of a Dutch Auction was so unique.
com, an Internet-based retailer of excess inventory and other low-priced items, used a Dutch auction to go public in 2002 to raise nearly $40 million, and has used it again to raise additional funds.
In a Dutch Auction each holiday lot starts at the maximum price and at regular intervals the price drops until it reaches the reserve price.
Mr Brunstrom's Dutch auction to stump up more money is an exceptionally desperate precedent, " she said.
A Dutch auction allows a company to specify the number of shares it plans to repurchase within a set time frame, as well as a specific price range within which shareholders may tender their shares.
This credit facility will be used in connection with the company's recent Dutch auction tender offer for common share purchases.
The modified Dutch auction will allow GAMCO's stockholders to tender their shares at a price within the specified range and to do so without incurring any brokerage fees or commissions.
TELECOMWORLDWIRE-August 6, 2012--AOL Dutch auction tender offer expires, stock repurchase program approved(C)1994-2012 M2 COMMUNICATIONS http://www.
Brookfield Homes Corporation commenced its Dutch auction tender offer for up to 5,000,000 shares of its outstanding common stock, at prices ranging from $15.
LMGI also announced the expiration and final results of its previously announced cash tender offer (the "Waterfall Offer" and, together with the Dutch Auction Offer, the "Offers") to purchase its 5.
Avi Katz stated, "We were disappointed that, despite the fact that our offer was in an amount equal in value per share to the price paid by GSI Technology in its recently completed Dutch auction tender offer, was at a substantial premium to GSI Technology s share price, offered, as we believe, a meaningful path to resolve the expensive litigations of GSI Technology, and represented, in our opinion, a compelling opportunity for its stockholders altogether a number of whom tendered shares in the Dutch auction tender offer that were not repurchased - our offer was dismissed without giving us the opportunity to discuss its merits directly with their Board of Directors.
M2 EQUITYBITES-October 21, 2013-Hackett declares final results of its modified Dutch auction offer for USD25m common stock(C)2013 M2 COMMUNICATIONS http://www.
First Community said the remaining 7,570 shares were purchased in this same Dutch auction by third party investors unrelated to First Community.