dutch auction (noun)

1. Why did the auctioneer hold a Dutch auction? Because he couldn't find any buyers!

2. In Greek mythology, Zeus held a Dutch auction to determine who would be the ruler of Olympus.

3. During the Great Depression, many farmers were forced to sell their crops through Dutch auctions to ensure they found buyers.

4. In the movie, the protagonist participates in a Dutch auction to win a valuable piece of art.