<Table> <Tr> <Td> </Td> <Td> This article's factual accuracy is disputed . Relevant discussion may be found on the talk page . Please help to ensure that disputed statements are reliably sourced . (October 2012) (Learn how and when to remove this template message) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> This article's factual accuracy is disputed . Relevant discussion may be found on the talk page . Please help to ensure that disputed statements are reliably sourced . (October 2012) (Learn how and when to remove this template message) </Td> </Tr> <P> A Dutch auction is one of several similar kinds of auctions . Most commonly, it means an auction in which the auctioneer begins with a high asking price, and lowers it until some participant accepts the price, or it reaches a predetermined reserve price . This has also been called a clock auction or open - outcry descending - price auction . This type of auction is good for auctioning goods quickly, since a sale never requires more than one bid . Strategically, it's similar to a first - price sealed - bid auction . </P> <P> Dutch auction has its roots in the 17th - century Dutch flower market . </P>

Who determines the offer price in a dutch auction