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Topic: Dutch auction


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  Agorics, Inc. -- Dutch Auction
It is the technique used in Netherlands to auction produce and flowers (hence, a "Dutch" auction).
Dutch auctions have been used to finance credit in Rumania and for foreign exchange in Bolivia, Jamaica, Zambia and have also been used to sell fish in England and in Israel.
Dutch auctions are common in less obvious forms.
www.agorics.com /Library/Auctions/auction3.html   (467 words)

  
 EconPort - Handbook - Auctions - Dutch Auction
The Dutch auction is also known as an open-outcry descending price auction, and is sometimes referred to as a "clock auction." The seller or auctioneer starts at a high price and subsequently lowers the price repeatedly as time passes.
In the Dutch auction, each bidder must choose a price at which she will stop the price decrements, conditional on no other bidder having already stopped them, and the bidder who chooses the highest price wins the object at her chosen price.
The Dutch auction is sometimes referred to as the "open first-price auction," and it is strategically equivalent to the first-price sealed-bid auction.
www.econport.org /econport/request?page=man_auctions_dutchauction   (666 words)

  
 BidWerX.com Auction Types : Dutch Auctions
The process for multiple item auctions is much the same for single item auctions, except that bidders specify the number of items to bid on, rather than a single item or group of items sold as one lot.
Once the auction closes, the seller can decide if they wish to sell all items to the winning bidder at the lowest successful bid, or sell to the highest bidders the number of items they bid for.
Commissions due to BidWerX.com for a Dutch Auction are based on a percentage of the lowest winning bid placed on that item X number of items.
www.bidwerx.com /auctions_dutch.htm   (409 words)

  
 Dutch Auction
Dutch auctions are another variation on what is considered a traditional auction.
These Dutch auctions are so-named because they have been used for centuries in Holland as ways for produce and flower vendors to sell their goods.
Second-price auctions are auctions in which the winners pays either the price of the lowest winning bidder or the price of the highest losing bidder.
www.epiqtech.com /auction_software-Dutch-Auction.htm   (777 words)

  
 Dutch Auction
The auction starts at a relatively high price and repeatedly decreases the price until a “bid” is announced by one of the auction participants.
The Dutch auction got its name from the Dutch flower auction, where flowers are sold to traders.
This button is disabled while the auction is running and enabled again after the auction terminates.
research.haifa.ac.il /~avinoy/auction/dutch   (502 words)

  
 Interested in Dutch? Right place for it! Dutch!
Dutch and the dutch: the case dutch of to Indisch migration Australia Speeches:.
Dutch and the dutch: the case of to Indisch migration Australia Speeches:.
Dutch recovery linked growth 2005, of government, a economy a expects in with dutch lady economists of with the the 2..
tramgrandma.sessocities.net   (3269 words)

  
 Oxford Company Jeffrey Hansler - Article Dutch Auction   (Site not responding. Last check: 2007-10-17)
Hendricks and Porter examines federal auctions for drainage leases and find that their data suggest that neighbor firms are better informed about the value of a lease than non-neighbor firms, that neighbor firms coordinate their bidding decisions, and that both types of firms bid strategically in accordance with the Bayesian-Nash equilibrium [HePo88].
For EAF, the effect of the import restrictions was that 30% of their imports could no longer be traded via the Dutch auction clocks during the traditional import season; in the summer season 100% of their imports could not be traded at all.
The cooperative structure of the Dutch auctions (every single grower has one vote), the complexity of the after-sale logistics (due to the coupling of the logistics with the price discovery process), their inability to implement IT innovations quickly further decreased the market share of TFA's competitors.
www.oxfordco.com /links_pages/articles/auction_flower.shtml   (7262 words)

  
 Untitled Document   (Site not responding. Last check: 2007-10-17)
A Dutch Auction is a special auction format in which a seller can list multiple identical items he or she wants to sell.
If 10 people bid on this auction and bid only the minimum bid amount of $100, all 10 members who placed their bids would be the winning high bidders for $100.
Please note that, if you are the only bidder in a Dutch Auction, and you bid on the full quantity the seller is offering at an amount over the opening bid, you will be the winning bidder for all items at the price you bid per item.
auctions.go.com /Images/I-Catalog/DA/Misc/FAQ/answer/dutchauction.html   (541 words)

  
 Dutch auction - Wikipedia, the free encyclopedia
Dutch auction is a type of an auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price, or a predetermined reserve price (the seller's minimum acceptable price) is reached.
Theoretically, the bidding strategy and results of this auction are equivalent to those in a Sealed first-price auction; however, experiment indicates that a Dutch auction typically results in lower sale prices [1].
A variation on the Dutch auction was used on the IPO for Google stock.
en.wikipedia.org /wiki/Dutch_auction   (610 words)

  
 eBili Dutch Auction (via CobWeb/3.1 planetlab2.eecs.umich.edu)   (Site not responding. Last check: 2007-10-17)
Dutch Auctions are used when there are more than one identical items to sell, such as 10 copies of the Lea Salonga CD.
Dutch Auctions benefit the buyer more than any other auction format in that they allow all buyers to buy the item at the lowest successful bid.
When the auction ends, the items are sold to the highest bidders at the lowest successful price.
www.ebili.com.cob-web.org:8888 /dutch.asp   (397 words)

  
 FIPA DutchAuction Interaction Protocol Specification
In the FIPA Dutch Auction Interaction Protocol (IP), the auctioneer attempts to find the market price for a good by starting bidding at a price much higher than the expected market value, then progressively reducing the price until one of the buyers accepts the price.
The term "Dutch Auction" derives from the flower markets in Holland, where this is the dominant means of determining the market value of quantities of (typically) cut flowers.
First, the good may be split: for example the auctioneer may be selling five boxes of tulips at price X, and a buyer may purchase only three of the boxes.
www.fipa.org /specs/fipa00032/XC00032F.html   (843 words)

  
 Burnham's Beat: Dutch Auctions and Democracy: Two Things That Don’t Make Sense For IPOs
Indeed many proponents of Dutch Auctions are now holding out Google’s IPO as supposedly some kind of validating watershed that will lead to increasing use of Dutch Auctions for IPOs (just take a look at the article on WR Hambrecht today in the San Francisco Chronicle).
This is a clear violation of the principles of a Dutch Auction.
The ultimate solution to the problem of under-priced IPOs and underwriter pay-offs is not to blindly adopt Dutch Auctions as some kind of saving grace, but to better educate Issuers about their rights and responsibilities when it comes to determining the issue price and allocating shares.
billburnham.blogs.com /burnhamsbeat/2004/09/dutch_auctions_.html   (1274 words)

  
 Are Dutch Auctions Right for Your IPO? - HBS Working Knowledge
One of the supposed benefits of the Dutch auction process, which Google used in its recent IPO, is its alleged minimization of the increase between the offer price and the opening price of the offering.
Unlike the traditional method, in which only the institutional and sophisticated investors are involved, the Dutch auction method enables small investors to participate in the pricing by posting the price that they are willing to pay and the number of shares that they wish to purchase.
Furthermore, investors could discount an IPO issued through the auction process by perceiving it to be a company that may not have a clear sense of the uses for the funds that it is raising, or that may have done poorly using the traditional IPO issuance processes.
hbswk.hbs.edu /archive/4747.html   (2542 words)

  
 Auction - Wikipedia, the free encyclopedia
exchange auction - also known as commodity auctions or exchange-commodity auctions, are the most closed to the new participants.
Absolute auction, also known as an Unreserved Auction, No-reserve Auction or Auction Without Reserve, is an auction with no minimum bid amount, no set starting bid, no seller confirmation of the high bid price, and no buybacks of the property being offerred by the seller of any agents of the seller.
This type of auction is designed to attract the maximum participation from the buying public as the seller has committed to convey their property to the highest bidder without limitation.
en.wikipedia.org /wiki/Auction   (1970 words)

  
 bidera.com - Auction Help Glossary ( Dictionary )- Dutch Auction   (Site not responding. Last check: 2007-10-17)
Dutch Auction is a form of multiple item auction.
Dutch Auctions by their very nature can have multiple winners.
See also Yankee-Dutch Auction, which is different from regular Dutch Auction and avoids some of the bidding problems inherent in regular Dutch Auction.
www.bidera.com /auction_help/help_glossary_dutchauction.htm   (315 words)

  
 AW Daily - Tips & Tactics - During the Auction: Winning Dutch Auctions
If you're new to the Dutch auction format, you might be a bit confused about how the final price is determined, how the winning bidders are determined, and, most importantly, how you can increase your chances of winning.
As a bidder, your job is not only to understand the rules of Dutch auctions, but also to equally employ effective bidding tactics that can help you maximize your chances of winning while minimizing your final cost.
Remember that the highest bidders will be able to claim whatever quantity of units for which they had bid, the second highest for their quantity of desired units, and so on down the line until all units have been claimed.
www.vendio.com /service/tipsandtactics/buy-windutch.html   (823 words)

  
 Dutch Sequential Auctions
In February 1999 the Dutch State Treasury Agency (which is responsible for the management of the national debt of the Netherlands) sent an email to the Primary Dealers, suggesting a new auction mechanism.
The Dutch Sequential Auction is a process where the total volume is split up in parts and issued in a sequence of quick and small auctions (auctionettes, if you like) within a period of 1 to 1.5 hours.
Because the Dutch do not dominate trading, an individual DSL auction needs to be finished quickly; but because the euro market is much larger than the sterling market, each euro auctionette can be larger.
www.jdawiseman.com /papers/finmkts/dutchseq.html   (1116 words)

  
 Welcome to Dutch Auction Sales
Dutch Auction is one of the largest antique and used furniture auctions in the country.
We are a wholesale auction that specializes in supplying auctions, dealers, galleries and private buyers with antiques, collectibles, and other estate merchandise.
Dutch Auction Sales first opened their doors on Labor Day, September, 1985.
www.dutchauctionsales.com   (124 words)

  
 What Is a Dutch Auction IPO? - Bruce Gottlieb - Slate Magazine   (Site not responding. Last check: 2007-10-17)
In a Dutch auction, the auctioneer sets an extraordinarily high price and lowers it until someone bids on the item.
The auctioneer continues to lower the price until all 100 shares are spoken for.
This has been suggested--by the firm conducting the Dutch auctions, among others--but is simply not true.
slate.msn.com /id/1002736   (1285 words)

  
 Fool.com: Going Dutch With Google [Commentary] May 26, 2004
It'll be a Dutch auction, which means that each bidding investor will get a chance to name his own price for Google shares.
One of the aspects that people are asking questions about is the nature of the IPO allocation, the "Dutch auction." It's a pretty neat approach that completely takes the judgment of investment bankers out of the pricing decision and places it in the hands of the market.
A Dutch auction curtails or removes the ability of the investment bank to influence the opening price of the shares and its ability to allocate IPO shares at all.
www.fool.com /news/commentary/2004/commentary040526bm.htm   (1381 words)

  
 Fine bouquet of a Dutch auction - Apr. 4, 1999
When the subscription period ends, the managing underwriter tabulates the bids and re-offers the stock to the bidders at the highest price at which all shares are spoken for.
     The Dutch auction has been in place for years and is used extensively for the resale of U.S. government securities.
All are equal in the eyes of the banker running the Dutch auction.
money.cnn.com /1999/04/04/redherring/redherring_dutch   (652 words)

  
 LA Weekly - Dutch Auction
Three years on, Von Dutch parked his bus on the property to begin an extended term as artist in residence, which, in addition to expanding the Bruckers’ art and gun collections, resulted in the above-quoted Hitler biography and a plethora of equally oddball institutional signage.
Working with RM Auctions, the Bruckers are selling off their collection in two large events, the first of which takes place this Saturday at the Petersen Automotive Museum.
On the other hand, many of the items created by Dutch and Roth for the MovieWorld displays seem underpriced, as if their utilitarian function undermined their skewed Pop sensibility or historical significance, when, in fact, it is their inextricable relationship to an authentic and original underground aesthetic that gives them the quality of relics.
www.laweekly.com /art+books/art/dutch-auction/13462   (726 words)

  
 Dutch auction Definition
Dutch auction, also known as descending price auction, uses a bidding process to find an optimal market price for the stock, the lowest price at which an issuing company can sell all the available shares.
An alternative to the traditional negotiated pricing process used by underwriters to set IPO prices, it was most recently employed by Google and is used for US Treasury auctions.
Named after the famous auctions of Dutch tulip bulbs in the 17th century, it is based on a pricing system devised by Nobel prize winning economist William Vickrey.
www.investorwords.com /1603/Dutch_auction.html   (241 words)

  
 "Dutch Auction"
Proxy bidding is not used on dutch auctions.
Dutch auctions are a special auction format where a seller has multiple, identical items he or she wishes to sell.
At the close of the auction, the highest bidders purchase the items at the lowest successful bid.
www.polarauctions.com /messageboard/help/7.html   (520 words)

  
 Von Dutch Brucker Collection - Rod And Custom Magazine
RM Auctions described it as "one of the most important personal pieces of Von Dutch memorabilia." It was the big gun item of the day, selling for more than $300,000.
Von Dutch was as skillful as a gunsmith and knifesmith as he was as a 'striper, and the Brucker collection included many handbuilt guns and knives, customized with engraving and engine turning.
The now-famous shot of Dutch playing the flute with a plastic eye stuck to his forehead was taken around the same time by Erik Rickman for Car Craft, but that photo wasn't published until decades later.
rodandcustommagazine.com /featuredvehicles/0607rc_von_dutch_auction   (1212 words)

  
 Dutch Auction - Game Theory .net
A type of first price auction in which a "clock" initially indicates a price for the object for sale substantialy higher than any bidder is likely to pay.
The auction is then concluded and the winning bidder pays the amount reflected on the clock at the time he or she stopped the process by buzzing in.
These auctions are named after a common market mechanism for selling flowers in Holland, but also reflects stores successively reducing prices on sale items.
www.gametheory.net /Dictionary/Auctions/DutchAuction.html   (132 words)

  
 Google to "Dutch Auction" its shares - Apr. 29, 2004
After receiving the prospectus and sometime before the auction, bidders must obtain a "unique bidder ID." Bidder IDs will not be available after the bidding begins.
Ideally, the auction process enables sellers to price the issue "right." That is, its price should reflect the reasoning of thousands of investors who will determine for themselves how much they are willing to pay for a share.
This type of auction should cut down on the huge run-up in share price experienced during the first days of trading experienced by other tech IPOs during the 1990s.
money.cnn.com /2004/04/29/technology/googleauction   (592 words)

  
 How to Bid in a Dutch Auction - eHow.com
STEP 1: Check to see whether this is a Dutch auction in which the price will drop a specific amount at a specific time (determined by the seller) until it is sold.
Some auctions are as quick as two minutes per item, though some lower the price by a percent each day.
This type of Dutch auction originated in the Netherlands and is an auction in reverse.
www.ehow.com /how_16375_bid-dutch-auction.html   (620 words)

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