CHAPTER 4. AUCTION SALES OF JEWELRY.
Sec. 4.1. Definitions.
The following words and phrases when used in this chapter shall have the
meanings hereinafter specified, unless a different meaning clearly appears from
the context:
Jewelry shall include platinum, gold, silver, plated
ware, precious stones, semiprecious stones, watches, clocks and other articles
of jewelry.
Auction, public auction and auction sale shall mean and
include a sale or offering for sale of any jewelry as hereinabove defined to the
highest bidder in any building, or in or on any street or alley, private
premises, or in any other place, where any and all persons who choose are
permitted to attend and offer bids. The terms “auction,”
“public auction” and “auction sale” shall also include a
sale in which, instead of the bidders making increasingly higher bids for an
article of merchandise, the seller or auctioneer announces a price at which he
will sell one or more articles of merchandise and then if no sale occurs
increasingly adds additional articles of merchandise to those originally offered
with or without varying the previously announced price until a buyer is finally
induced to buy the accumulated articles at the price fixed. (Ord. No. 462,
§ 1.)
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