Dutch auction

an auction or sale that starts off with a high asking price that is then reduced until a buyer is found. (Viewed by some as insulting to the Dutch.) Dutch auctions are rare—most auctioneers start with a lower price than they hope to obtain. My real estate agent advised me to ask a reasonable price for my house rather than get involved with a Dutch auction.

Common Names:

Name	Pronounced	Usage
Gilberta	khil-BER-tah (Dutch), jeel-BER-tah (Italian)	Dutch, Italian
Ffraid	-	Welsh
Theophylaktos	-	Ancient Greek
Orla (1)	OR-la	Irish
Aden	AY-dən	English (Modern)
Elkanah	el-KAYN-ə (English)	Biblical, Biblical Hebrew