Dutch auction
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
It said it would ditch the popular Dutch auction style of minting, in which an NFT goes up for sale at a certain ceiling price and is then incrementally lowered over time.
From The Verge
There are many ways to stage them: for example, in a so-called “English auction” the item on offer simply goes to the highest bidder; whereas in a “Dutch auction” the selling starts from a high price, and bidders submit the price they are willing to pay.
From Nature
The company acquired nearly 10% of its outstanding stock from investors through a modified Dutch auction.
From Washington Times
The sale was a blind auction — known on Wall Street as a Dutch auction — in which bidders commit to the maximum they would be willing to pay.
From Los Angeles Times
“It’s sort of a Dutch auction,” said Josh Lowitz, co-founder of research firm Consumer Intelligence Research Partners, referring to the practice of starting with a high asking price, then lowering it until a buyer accepts.
From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
