0 a process of selling something in which the price is reduced until a buyer agrees to pay it:
Unlike an art auction, where bidders keep driving the price of a painting higher, a Dutch auction drives the price lower.
The firm will use the Internet to manage a "descending price auction," often called a "Dutch auction".
Tax is becoming a Dutch auction, with each party claiming to double the cuts proposed by the other.
We have seen a Dutch auction between the political parties about who is tougher on benefits.
1 an auction (= public sale) at which the price being asked for something is slowly reduced until someone will buy it:
2 a situation in which two or more groups compete to see who can reduce an amount the most:
3 in the US, a system used by a company that wants to buy back its shares. The company sets the minimum and maximum prices it is willing to buy at, the shareholders state which price they would be willing to sell at, and the company then chooses which shareholders to buy from:
There are a range of different auction methods available, including dutch auctions, normal auctions and buy it now buttons.
Google said it would sell stock to the highest bidders through a dutch auction.
The club's bid to buy the player hit a hitch, with the manager saying he "refuses to be drawn into a Dutch auction".
They're competing in a dismal Dutch auction, going for lowest common denominator politics.