Dutch auction: Learn what the means through example!

What does “Dutch auction” mean?

"A Dutch auction" means a type of auction where the price starts high and gradually decreases until a buyer is willing to accept the price.

What context can I use the in?

Example

The artwork was sold through a Dutch auction.

Example

In a Dutch auction, the bidding starts at a high price and goes down until someone accepts.

Example

The Dutch auction attracted many potential buyers

Is “Dutch auction” an expression, an idiom, or a proverb?

“Dutch auction” is a proverb. A proverb is a short saying that teaches us something important or gives us advice. Unlike an idiom, it’s easy to understand even if it uses figurative language.

How would I use “Dutch auction” effectively in context?

You can use "Dutch auction" to describe a specific type of auction where the price starts high and gradually decreases until a buyer is willing to accept the price. It is commonly used in the context of buying and selling goods or services. For example, if someone asks about the selling process of a valuable item, you can say, 'The artwork was sold through a Dutch auction.'

• 1. Buying and Selling

  In a Dutch auction, the bidding starts at a high price and goes down until someone accepts.

• 2. Attracting Buyers

  The Dutch auction attracted many potential buyers.

• 3. Marketplace

  The online platform introduced Dutch auctions to provide a unique buying experience for its users.

Similar phrases to “Dutch auction”:

English auction

A type of auction where the price starts low and gradually increases as bidders compete.

Example

The antique was sold through an English auction.

Silent auction

An auction where bids are written on sheets of paper, and the highest bidder wins the item.

Example

The school fundraiser included a silent auction.

Sealed bid auction

An auction where bidders submit their bids in sealed envelopes, and the highest bid wins the item.

Example

The government auctioned off the abandoned property through a sealed bid auction.

Good things to know:

Where does the phrase “Dutch auction” come from?

The origin of the phrase "Dutch auction" is unknown.

Is “Dutch auction” common in everyday conversation?

Yes, Dutch auction is a well-known term in the business and auction industry. It is commonly used when discussing different auction formats and strategies.

What tone does “Dutch auction” have?

Dutch auction conveys a tone of business and commerce. It is often used in professional settings to discuss auction processes and pricing strategies.

Can “Dutch auction” be used in informal and formal settings?

Dutch auction is a formal expression that is primarily used in business and auction contexts. It may not be commonly used in everyday conversations, but it is widely understood in relevant industries.

Can it be used by itself, or is it usually part of a sentence?

Dutch auction is typically used as part of a sentence to provide context and clarity. For example, 'The company decided to use a Dutch auction to sell their products.' However, in certain contexts where the term is well-known, it can be used alone to refer to the auction format.

Synonyms & Antonyms

Synonyms

• descending price auction
• reverse auction

Antonyms

• ascending price auction
• traditional auction