Dutch auction

Dutch auction also known as an open descending price auction. In the traditional Dutch auction the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price. The winning participant pays the last announced price.
荷兰式拍卖，也称为公开降价拍卖。在传统的荷兰式拍卖中，拍卖师以相对较高的价格起拍，然后逐步降低，直至有人愿意接受拍卖师开出的价格。胜出者需要支付最后一次宣布的价格。

The Dutch auction is named for its best known example, the Dutch tulip auctions. ("Dutch auction" is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders.) In addition to cut flower sales in the Netherlands, Dutch auctions have also been used for perishable commodities such as fish and tobacco. In practice, however, the Dutch auction is not widely used.
荷兰式拍卖是因其最出名的一个案例——荷兰郁金香拍卖——而得名。（“荷兰式拍卖”有时也指网上拍卖，这种网拍形式同时为数量相等的高竞价买家提供数件相同的物品。）荷兰式拍卖不仅被用于荷兰的鲜切花交易，还被用于出售某些易腐烂的商品，例如鱼和烟草。然而在实际中，荷兰式拍卖并未被广泛应用。