An auction with one seller and many buyers, in which
the auctioneer raises the price from a low starting point. The buyers must bid
at each price in order to remain in the auction.
"Japanese Auction." YourDictionary, n.d. Web. 17 May 2018. <http://www.yourdictionary.com/japanese-auction>.
Japanese Auction. (n.d.). Retrieved May 17th, 2018, from http://www.yourdictionary.com/japanese-auction