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 ?
The Dutch Auction Offer, which commenced on 21 April 2016 and will expire on 18 May 2016, was oversubscribed at 5pm, New York City time, on 4 May 2016 and therefore only $141 million of Dutch Auction Securities will be purchased.
Under the Dutch auction tender offer, the company offering to purchase up to USD40m of its common stock at a price per share not less than USD2.
The Offer for the Dutch Auction Notes is scheduled to expire at 11:59 p.
This marks the first time the firm will be using the Dutch auction method for sales properties.
The Dutch Auction offer was for Delta Air Lines Inc Pass Through Certificates, Series 2007-1C and Delta Air Lines Inc 11 3/4% Senior Second Lien Notes due 2015.
These securities were tendered prior to midnight EDT on 21 June 2010, the Dutch Auction offer's expiration date, under the company's "Dutch Auction" cash tender offer to purchase, under certain conditions, its outstanding 6.
Some items such as coloring books, puzzles and certain seasonal products are purchased specifically to go in the Dutch auction.
One of Google's main intentions in using the Dutch auction process to price its stock was to get the most accurate price possible.
Other items affecting earnings per share include Acxiom's expected completion of the Dutch Auction Self Tender (a stock buy-back program), interest on an $800 million credit facility and a higher effective tax rate.
Auction Rate Notes: The notes are placed generally as 28-day notes in the Dutch auction market, subject to a maximum coupon set forth at inception of the transaction, based on the maturity and rating of the notes.
Womack, associate professor of finance at Dartmouth University, researched IPOs during the 1990s in France--where both the Dutch auction and the system which is traditional to the U.
This last feature is one Ryan considers a key advantage of the Dutch auction, because it "deals with all shareholders equally," he says.
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.
Under the Dutch auction offer, Motorola is offering to purchase, under certain conditions, its outstanding 6.
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.