English Dictionary

Dutch auction

/ˌdʌtʃ ˈɔːk.ʃən/

noun

An auction where many of the same item are sold. / A reverse auction that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy.

I participated in a Dutch auction and managed to buy a rare painting at a great price.

意味（1）

An auction where many of the same item are sold.

意味（2）

A reverse auction that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy.