What is another word for Dutch Auction?
Pronunciation: [dˈʌt͡ʃ ˈɔːkʃən] (IPA) 
A Dutch Auction is a unique form of auction in which the auctioneer starts with a high price and gradually decreases the price until a bidder agrees to buy the item at the current price. The term "Dutch Auction" refers to the historical practice of Dutch flower auctions that used this methodology. This type of auction is also commonly called a descending price auction, a reverse auction, or a Japanese auction. Additionally, some people use the term "liquidation auction" to describe a Dutch Auction because it is often used to quickly sell large quantities of items that need to be moved or sold quickly.
