Source: wikibot/french-auction
= French auction
{wiki=French_auction}
A French auction, also known as a descending price auction, is a type of auction in which the auctioneer starts with a high asking price and gradually lowers it until a bidder accepts the current price. Once a bidder agrees to the price, they win the item, and the auction ends at that point. Here's how it typically works: 1. **Starting Price**: The auctioneer announces a high initial price for the item being auctioned.