Dutch auction

noun
  1. a method of auction consisting in the offer of a property at a price above the actual value and then at gradually reduced prices until a buyer is found.

Origin of Dutch auction

First recorded in 1860–65
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Related Words for dutch auction

venue, roup

British Dictionary definitions for dutch auction

Dutch auction

noun
  1. an auction in which the price is lowered by stages until a buyer is found
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012