Search results
Results from the WOW.Com Content Network
A Dutch auction is one of several similar types of auctions for buying or selling goods. [1] [2] [3] Most commonly, it means an auction in which the auctioneer begins with a high asking price in the case of selling, and lowers it until some participant accepts the price, or it reaches a predetermined reserve price.
The Dutch auction is named for its best known example, the Dutch tulip auctions. ("Dutch auction" is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders). [48] In addition to cut flower sales in the Netherlands, Dutch auctions have also been used for perishable ...
The auction is set up as a Dutch auction in which the price starts high and works its way down. Bidders get only a few seconds to bid on the flowers before they are sold and passed on to the new owner. On 1 January 2008, the auction company merged with its biggest competitor Royal FloraHolland. [5]
While a traditional Dutch Auction starts at a high bid which will then decrease, a Reverse Dutch Auction works the opposite way as it starts at a low price and then gradually increases over time. [25] It contains a list of items that buyers want to procure and the price rises after fixed intervals until a reserved price is reached.
Single-price auctions are a pricing method in securities auctions that give all purchasers of an issue the same purchase price. They can be perceived as modified Dutch auctions . This method has been used since 1992 when it debuted as an experiment of the U.S. Treasury for all auctions of 2-year and 5-year notes.
More than one in four U.S. consumers are not aware that you can buy a house at auction, according to a new survey from ServiceLink, and yet more than 60% -- including 75% of millennials -- would...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Take a look at every state ranked by how much each parent is going to spend on each kid this holiday season.