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.

Dutch auction

noun

1. an auction in which the price is lowered by stages until a buyer is found

Word History and Origins

Origin of Dutch auction¹

First recorded in 1860–65

Example Sentences

Mordaunt has pitched herself as the candidate for change who can steer the economy through multiple challenges by avoiding "an uncovered Dutch auction of tax cuts".

Read more on Reuters

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.

Read more on The Verge

There are many ways to stage them: for example, in a so-called “English auction” the item on offer simply goes to the highest bidder; whereas in a “Dutch auction” the selling starts from a high price, and bidders submit the price they are willing to pay.

Read more on Nature

The company acquired nearly 10% of its outstanding stock from investors through a modified Dutch auction.

Read more on Washington Times

The sale was a blind auction — known on Wall Street as a Dutch auction — in which bidders commit to the maximum they would be willing to pay.

Read more on Los Angeles Times