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Synonyms

Dutch auction

American  

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.


Dutch auction British  

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

Etymology

Origin of Dutch auction

First recorded in 1860–65

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

It said it would ditch the popular Dutch auction style of minting, in which an NFT goes up for sale at a certain ceiling price and is then incrementally lowered over time.

From The Verge • May 1, 2022

Enter buybacks and tender offers, such as the Dutch auction for up to $7.5 billion in stock that AbbVie Inc. began at the beginning of May.

From Los Angeles Times • May 28, 2018

The process will start off similar to a Dutch auction, in which values are set at a high level and then diminish until the FCC gets the licenses it needs at the lowest possible price.

From The Wall Street Journal • Jan. 6, 2016

A Dutch auction would maximize income for the country.

From New York Times • Jul. 20, 2015

The Mrs Widger that is, returned from the Dutch auction with an elaborate badly-plated cruet.

From A Poor Man's House by Reynolds, Stephen Sydney

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