Dutch Auction

A Dutch auction is a type of auction in which the price of an item starts high and decreases over time until a buyer is willing to pay the asking price. This type of auction is often used for selling items that are perishable or have a limited supply, such as flowers or tickets to a sporting event.

The Dutch auction is named after the Dutch East India Company, which used this type of auction to sell its spices. The company would start the bidding at a high price and then lower the price until someone was willing to buy the spices. This type of auction is often used for selling items that are perishable or have a limited supply, such as flowers or tickets to a sporting event.

The Dutch auction is a type of auction in which the price of an item starts high and decreases over time until a buyer is willing to pay the asking price. This type of auction is often used for selling items that are perishable or have a limited supply, such as flowers or tickets to a sporting event.

The Dutch auction is a type of auction in which the price of an item starts high and decreases over time until a buyer is willing to pay the asking price. This type of auction is often used for selling items that are perishable or have a limited supply, such as flowers or tickets to a sporting event.