Dutch auction

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Dutch auction

Post by Archived Topic » Tue Apr 27, 2004 4:34 pm

So Ms Smarty-know-it-all-got-free-access-to-the-OED-gloating-person, what is a Dutch Auction then! *G*
Submitted by Leif Thorvaldson (Eatonville - U.S.A.)
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Dutch auction

Post by Archived Reply » Tue Apr 27, 2004 4:49 pm

Prices in a Dutch flower Auction are on a clock face. The hand moves down from a top price. Each buyer has a button to press to stop the clock. If you press first you get the "lot". If you leave it to fall lower you may well lose that particular lot. On a bad day for sellers with many lots, the prices may fall alarmingly low.
Reply from Melvyn Goodman (London - England)
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Dutch auction

Post by Archived Reply » Tue Apr 27, 2004 9:22 pm

Cassell’s Dictionary of Slang:

DUTCH AUCTION noun [19th century and still in use] A mock auction or sale in which the much-touted ‘reductions’ have no bearing in commercial fact.
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Ken G – November 13, 2002
Reply from Ken Greenwald (Fort Collins, CO - U.S.A.)
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