2007-02-15 21:07:53 · 9 answers · asked by vikas 1 in Business & Finance ➔ Small Business
Opposite of a regular auction. The price starts high and is lowered until someone buys it. So first person to bid gets it as that will be the highest bid.
2007-02-15 21:11:22 · answer #1 · answered by JuanB 7 · 0⤊ 0⤋
Dutch auction is a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price, or a predetermined reserve price (the seller's minimum acceptable price) is reached. The winning participant pays the last announced price.
2007-02-15 21:13:08 · answer #2 · answered by paul13051956 3 · 1⤊ 0⤋
In the traditional sense it's when the price lowers until someone bids, but eBay uses its own definition you see in the wikipedia article: "'Dutch auction' is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders."
2007-02-15 21:31:32 · answer #3 · answered by manuelriliz 3 · 0⤊ 0⤋
It's where people throw coins at the auctioneers on a stage or platform, and when the hammer is dropped (or whistle blown or whatever), the 'winner' of the item is the person who was throwing at that exact moment. Great fun!
2007-02-15 21:12:31 · answer #4 · answered by Bart S 7 · 0⤊ 0⤋
When a seller has a lot of the same item. Like, he has 1000 pens. And then he sells them one by one. He could sell them for a dollar each...or whatever he wants...or he can set it a 1 penny and let people bid the auction till it ends....
2007-02-15 21:18:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Dutch auction is better.
2016-03-28 22:22:04 · answer #6 · answered by ? 4 · 0⤊ 0⤋
It is used for the auctioning of tulips. There is a huge clock which goes backwards. It satrts with the highest price and goes down to zero. It is generally used for perishable goods to get a market clearing.
2007-02-15 21:41:41 · answer #7 · answered by clauscampen 1 · 1⤊ 0⤋
t's where people throw coins at the auctioneers on a stage or platform, and when the hammer is dropped (or whistle blown or whatever), the 'winner' of the item is the person who was throwing at that exact moment. Great fun!
2007-02-15 21:30:29 · answer #8 · answered by VJ 1 · 0⤊ 1⤋
check this out
http://www.investorwords.com/1603/Dutch_auction.html
2007-02-15 21:30:28 · answer #9 · answered by Cromag 3 · 0⤊ 0⤋