Dutch Auction (Noun)
Meaning
A method of selling in which the price is reduced until a buyer is found.
Classification
Nouns denoting acts or actions.
Examples
- The artist used a dutch auction to sell her latest painting, reducing the price each week until it was finally purchased.
- At the charity event, a dutch auction was held to determine the sale price of a rare collectible.
- The company decided to hold a dutch auction to clear out its remaining inventory of old products.
- To attract more interest, the real estate agent suggested holding a dutch auction for the distressed property.
- The online retailer uses a dutch auction model to get rid of excess stock at the end of each season.