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Re: Dutch Auction

Posted by Teach on October 11, 1999

In Reply to: Dutch Auction posted by IL on October 11, 1999

: Can anyone explain not only the meaning of but the origin of `A Dutch Auction'.

The auctioneer progressively lowers the price until a bidder agrees to buy. Originated in the Netherlands and is still the preferred method used to sell flowers in the great wholesale auctions.