A reverse auction in which goods begins at a high asking price but are then offered at progressively lower prices until a bidder is found. A practice used on eBay.
by Bill the Cat May 14, 2008
Get the Dutch auction mug.When a group of guys tape a girl's eyes shut and blow their loads on her chest in unison. The one who blows the largest load then has sex with the girl.
by Uncle Barnwell April 28, 2013
Get the Chinese Auction mug.n. (1) An auction having several of the same item up for bid at once, with a minimum bid. Bidding starts with people offering a fixed price at or above the minimum for a certain number of, or all of, the items available. Highest offered price wins, regardless of how many items were bid on by that bidder, and winners then descend by final offered price.
A feature unique to this style of auction is that, if a lower-bidding participant bid for x items, but due to higher-bidding winners could only buy fewer than x, he has the right to back out and purchase none at all.
(2) a form of auction similar to the above, once but no longer held on eBay, in which the same rules were generally followed, with rules for bid times and final winning prices calculated slightly differently.
A feature unique to this style of auction is that, if a lower-bidding participant bid for x items, but due to higher-bidding winners could only buy fewer than x, he has the right to back out and purchase none at all.
(2) a form of auction similar to the above, once but no longer held on eBay, in which the same rules were generally followed, with rules for bid times and final winning prices calculated slightly differently.
They had ten signed NFL footballs up at the stadium that they were dutch auctioning off for charity- one guy got 5, one got 2, and I got 3 and paid the least!
by Lt. Commander Data March 7, 2011
Get the Dutch auction mug.A person who looks at legal goods and pays for as many as 50 items. He goes to an auction and makes 3x.
by silverseal September 18, 2011
Get the Auction Cowboy mug.describes the inability to avoid auctions and their accompanying behaviors. Auctionitis may be benign, where one may find an item which is necessary is cheapest at auction, or, acute where in combination with shopaholicism the sufferer experiences a painful, penniless, clutter-world where Oprah would be unwelcomed.
Please, extend my credit line so I can bid on that pair of Ferragamo boots, my auctionitis is acting up.
by rankstorn March 4, 2014
Get the auctionitis mug.by Maeed March 28, 2020
Get the auction off mug.People do what they want, and they should do what they want, as long as they're also doing the consequences for every one of their actions. There's a lot of people quick to defend their right to do as they please, but they don't want to do the consequences that come with doing what they please. They're quick to try and hold someone else accountable for something, but if someone holds them accountable for their actions, they claim to have had to be subserviant around the other person. That isn't free spirited, it's weak.
by Solid Mantis March 31, 2021
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