What is a Dutch Auction?
Correct answer: Auction where the price is reduced until a buyer is found.
JellyBaker
How can an English auction be the reverse of a Dutch auction if it ALSO starts high and reduces the price? I would think it was the Opposite - raising prices until there was a final bidder. The above explanation contradicts itself, right?
Guitarfan 5
Many car auctions are held in Dutch auction style.
wanderer
new info for me.thanks
lugbúrz
What happens if more than one prospective buyer accepts a price?
Leebo13
JellyBaker, the problem is that while it's implied, it isn't explained.
Gold Biscuit
JellyBaker, poorly worded, I agree
Tom
I knew the answer but 'Auctions held in the Netherlands' is also right?