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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.
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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 Aalsmeer Flower Auction building is the ninth largest building by floor area in the world, covering 999,000 square metres (10,750,000 sq ft; 247 acres). [ 1 ] [ 2 ] [ 3 ] Flowers from all over the world — Europe , Israel , Ecuador , Colombia , Ethiopia , Kenya , and other countries — are traded every day in this gigantic building.
Ocean County has postponed the foreclosure auction scheduled for July 23 amid concerns that unproven nonprofit agencies are taking advantage of a new law that was designed to even the playing ...
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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.
Polycom is about to shell out up to $250 million of its capital to repurchase its own common stock. The company has initiated a so-called "Dutch auction" to effect the buybacks. In such a tender ...