Dutch Auction
Start high and step the price down until a buyer accepts — fast clearance for time-sensitive lots.
A Dutch auction opens above expected value and decrements on a timer until someone accepts. The first acceptance wins, which makes hesitation expensive and clears stock quickly.
This format suits perishable, seasonal or time-critical material where speed of clearance matters more than squeezing the final rupee, and where a long ascending auction would simply tie up the lot.
Decrement size, interval and floor price are all configurable, so you keep a hard lower bound on what you will accept.
What you get
- Configurable decrement size and interval
- Hard floor price below which the clock stops
- First acceptance wins — no drawn-out bidding
- Ideal for perishable and time-critical lots
About dutch auction
What happens if the price reaches the floor with no buyer?
The lot closes unsold at the floor price. It can be relisted with revised parameters.
Ready to run your first auction with us?
Talk to the team about your material, your suppliers, or the format that fits. A demo takes twenty minutes.