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
Timofei	tee-mah-FYAY	Russian
Mehr	-	Persian, Persian Mythology
Pema	-	Tibetan, Bhutanese
Widald	-	Ancient Germanic
Joaninha	-	Portuguese
Ashoka	['æ'ʃəukə]