Quote:
Originally Posted by schooner
Not sure if you are looking for an explanation. Sorry if not!
Its basically a reverse auction. Price starts well above what the market will bare, and then drops until someone bites.
A relative of mine is a flower broker in the Netherlands and this is how he buys all of his product. I have witnessed one of these live when visiting my relative. Its surprisingly entertaining. A large auction might have 10 to 15 digital screens up on the wall, with a track rolling beneath with the carts of flowers up for sale. All the bidders have buttons at their seat. As soon as someone accepts the price, the digital counter on the screen shoots back up for the next item.
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Thanks.
I was just kidding with my comment; did a bad job of making a joke.
My family is originally from Rotterdam and Middleburg in Zeeland.
We pretend to be offended by Dutch doors, uncles, going Dutch etc.
But I honestly didn't know what a Dutch auction is !
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