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
Zuzen	-	Basque
Murat	moo-RAHT	Turkish
Imogene	IM-ə-jeen	English
Desdemona	dez-də-MON-ə (English)	Literature
SofÍA	so-FEE-ah	Spanish
Foma	fah-MAH	Russian