what dutch auction mean?

Answer 1

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.

Dutch auction is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders. Economists call the latter auction a multi-unit English ascending auction.

Answer 2

In a Dutch auction, the auctioneer offers the item at a certain price and waits for somebody to agree. If nobody does, then he lowers the price and asks again. This continues until a participant says "yes" and thus wins the item. There are no battles over items in a Dutch auction; the first person to accept the offered price wins the item.

Answer 3

I have also heard the term used to describe a timed auction in which each bidder antes, for want of a better word, the increment of his bid over the last one. It is usually done with a timer set to some random interval and the final bidder before it goes off gets the object.