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Quotes on Dutch Auctions. Quotations
Jaap de Jonge, Editor, Netherlands
Hi, do you know of a remarkable, humorous quote by a famous person or a proverb related to (Dutch) Auctions?
Please enter a reaction to share it for other people to enjoy! Here is one to get started:
"We're more familiar with what economists call an English auction - prices start low and rise as people bid. However, there is also the Dutch auction, where prices start high and go lower until somebody bites. Movies are sold to the audience via a very slow Dutch auction, where each phase between price drops can last weeks or months."
Nathan Myhrvold
"At a Dutch auction, the seller determines a too high starting price and lowers it until someone agrees. This is often the case with agricultural and horticultural products and fish, including flower auctions and fish auctions. An auction clock is usually used for this. The highest attainable price is then established (in theory) because the bidder who has the most money for the party or item also offers the first. When the price drops below a certain minimum value, the clock is stopped and no transaction takes place."
Unknow, Wikipedia.
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Special Interest Group Leader
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Dutch Auctions
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Summary
Forum- Quotes on Dutch Auctions. Quotations
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