Posted by Alan Hakim on December 03, 2005 at 14:09:34 from 212.137.199.199 user awhakim.
In Reply to: Re: Dutch Auction posted by John Nichols on December 03, 2005 at 04:50:05:
Modern Dutch Auctions, e.g. at the flower market at Aalsmeer, are run electronically.
A 'clock' on the wall starts at the top price and counts down. The first bidder to press their button stops the clock, and gets the lot at that price.