What is a Dutch auction?

  1. Myn Is Me profile image72
    Myn Is Meposted 5 years ago

    What is a Dutch auction?

  2. Khal Blogo profile image60
    Khal Blogoposted 5 years ago

    In a dutch auction, the seller starts with a high price and then gradually lowers it until somebody buys it.

  3. Mr Knowitall profile image73
    Mr Knowitallposted 5 years ago

    An auction at which the thing to be sold is first put up at a higher price than anyone is likely to bid. The price is then gradually lowered, and the first person to make a bid has the thing knocked down to him. This method of selling is the reverse of a real auction, in which the price is run up in stages, and the highest bidder secures the article.