Dutch Fish Auction

The Dutch Fish Auction is a unique pricing system used primarily in the seafood industry, particularly in the Netherlands. During this auction, fish are displayed, and the starting price is set high. Prices gradually decrease over time, and buyers signal their interest when they find a price they are willing to pay. This method encourages quick decision-making among buyers and ensures that fish are sold efficiently. It contrasts with traditional auctions, where prices increase as bidders compete. Overall, the Dutch Fish Auction maximizes the selling price while minimizing the time fish spends unsold, benefiting both sellers and buyers.