a process of selling something in which the price is reduced until a buyer agrees to pay it

Unlike an art auction, where bidders keep driving the price of a painting higher, a Dutch auction drives the price lower. 竞拍者在艺术品拍卖会上一般会不断抬高画的价格，反之，在荷兰拍卖会上他们会把价格压低。

The firm will use the Internet to manage a "descending price auction," often called a "Dutch auction". 该公司将利用互联网举行“降价拍卖”，通常称为“荷兰式拍卖”。

a process in which people or organizations compete with each other to offer the lowest level or amount of something

Tax is becoming a Dutch auction, with each party claiming to double the cuts proposed by the other. 随着各个政党都声称要减对方提出的双倍的税，税收成了荷兰式竞价。

We have seen a Dutch auction between the political parties about who is tougher on benefits. 我们见过政党之间，就谁在福利方面更严苛的互相叫板。