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Definition of Dutch auction
1. Noun. A method of selling in which the price is reduced until a buyer is found.
Definition of Dutch auction
1. Noun. an auction where many of the same item are sold. ¹
2. Noun. a reverse auction that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Dutch Auction
Literary usage of Dutch auction
Below you will find example usage of this term as found in modern and/or classical literature:
1. Dictionary of Phrase and Fable: Giving the Derivation, Source, Or Origin of by Ebenezer Cobham Brewer (1898)
"Dutch- Auction. An "auction" in »hich the bidders ... but mere hubbub; and Dutch
auction is no auction, or increase of bids, but quite the contrary. ..."
2. The American and English Encyclopedia of Law by John Houston Merrill, Charles Frederic Williams, Thomas Johnson Michie, David Shephard Garland (1888)
"Dutch auction.—See AUCTIONS AND AUCTIONEERS.9 DUTY.—(See also REVENUE LAW.)—An
obligation to perform some act.3 DWELL.—A corporation may be said to " dwell ..."
3. The London Medical Gazette (1840)
"each other in lowness of qualifications and lowness of fees, and gave the name
of Dutch auction to their proceedings : and a very good name it would be, ..."
4. Peking and the Pekingese During the First Year of the British Embassy at Peking by David Field Rennie (1865)
"... City—Deferred interments—Correct mode of placing the door of a new house,
denned in the Peking Almanack^Paper money sold by Dutch auction—Relics of the ..."
5. The Life and Times of Queen Victoria by Robert Wilson (1893)
"... Vote—A Political Dutch auction—The Radicals Outbid the Tories—Release of Mr.
Parnell and the Suspects—The Kilmainham Treaty—Victory of Mr. ..."
6. The Cambrian (1900)
"A Dutch auction. A Dutch auction at Cape Town is frequently exciting. If a house
is to be sold the auctioneer offers "Fifty golden sovereigns for the man ..."
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