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 ?
There's evidence that the pop for Dutch auctions is considerably lower than for traditional IPOs.
But Dutch auctions are no guaranteed panacea for the issuing company.
Lateescapes' John Andersen said: "Who better to spell out exactly how a countdown Dutch Auction works than Carol?
This last feature is one Ryan considers a key advantage of the Dutch auction, because it "deals with all shareholders equally," he says.
Some companies choose to integrate the Dutch auction into an overall repurchase plan.
Whitehall President Elliott Gayer, former chief compliance officer for First Asset Management, stated: "We are pleased to provide the compliance services needed to ensure that the Dutch auction will run smoothly and accurately.
SunBlush has undertaken three sea shipments of cut flowers over the past few weeks with two of the three major Dutch auctions, and the results have been excellent.
Canadian customers can expect real-time Dutch Auctions in future as part of Bid.
We believe that our Dutch Auction is a key point of differentiation in the online marketplace, and by owning www.