"Definition: A Dutch auction is a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer’s price, or a predetermined reserve price (the seller’s minimum acceptable price) is reached. The winning participant pays the last announced price. This is also known as a “clock auction” or an open outcry descending-price auction."


I'm running a Dutch Auction with some of my painting inventory. Please visit my blog for more details and participate in the bidding!! :D

http://jennprattequineartist.wordpress.com/2009/02/16/dutch-auction...

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Dutch Auction into second week!!

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